Helping Friends get started

[Alfredo O.]

So I have a friend who wants to get into the flipping business as well.  I don't mind helping, but I am trying to think of a good and fair way to move forward with a property.  Suggestions?

I don't believe he has the cash to get started (meaning buying the property) so chances are I will have to pay for the property.....

What is fair....?

If we split rehab, 50% of profits don't seem fair if I have am buying the property.....