Advice Wanted - Partnering Basics

[Geni P.]

I have an off-market deal in Lakewood, CA that will be under contract shortly. I am looking to rehab and resell the deal myself, however after listening to the BP Podcasts I have decided to take the advice given quite often and look for someone experienced to partner with rather than seek out a hard money loan and work through the process by myself.

My question is this, during a partnership how would the novice rehabber, who is bringing in a deal, account for the cost of money that an experienced rehabber would be bringing in to fund the deal?