How do you structure "partnerships"

[Seana Yates]

Hi All,

New investor here, but I'm a commercial property manager and house hacker so not entirely green. My question is, how do you guys structure partnerships? For example, if I take the DSCR loan myself and use a HELOC for the down payment, the property is in my name, but I have friends and associates who might want to invest, say $5k or $10k. Or a friend has electrician experience or helps paint, how would someone be involved?

I am also skilled in painting, woodworking, restoring, installing fixtures, ect, so I'd be doing a lot of sweat equity myself. I'm just not sure how to quantify those things fairly. I'd also be managing the tenants and leases myself.

Any suggestions or examples of what you did in the past that could be applied to this?

Thanks!