How to split between buyer and contractor for a flip

[Lisa Wright]

I have some capital, but not enough to buy a (rough) property AND  hire out for renovations.

My thought is bringing on  a contractor as a partner.  Where he is going to do the work, then we will sell and split the profits.

But how would that look:  All cash returned to investors than net profit split?  Would his hourly be paid and-or just cash for supplies?  And if I wanted to roll my sleeves up and help a bit, could I also be reimbursed for that?

I feel like that makes the most sense but I wanted to see what the team thinks. But also contractors make back so $50 an hour or like that would kill it. 

Thank you for your thoughts and suggestions.

[Jonn Vidal]

Contractors will want at least 50/hr but they tend to bring more and more ppl with them making 30/hr concurrently so it ads up fast even if they're just picking up laborers at Home Depot!

perhaps reach out to contractors that specialize in fixing to flip, ie Izzy Battres from Flip or Flop!