How to structure partnership?

[Harris Vuadens]

Want to ask for advice. I am part of a group of 4 individuals who want to start flipping houses. I am in Finance and know how work with number. I also have funds to invest. Two of the other individuals are in the trades and willing to do some of the work and also use network for contractors. They may have some funds to invest as well. Last individual is a retiree who has money to invest but wants to be a silent partner. This will be all our first time doing a partnership to invest real estate. How should we structure the partnership so that it’s fair and equitable? 

[Kyle Spearin]

@Harris Vuadens work with a lawyer to draw this up and make sure to have an operating agreement stating everyone's roles.