New Partnership Question

[Andrew Neal]

Hello BP community, a friend and I will be working together as a partnership to invest in buy and hold properties. He will be mainly the money guy since he does not have the time or experience with real estate that I do. I will be the sweat equity partner at least on this first deal. My question is has anyone else started this way and what sort of things would you recommend besides some sort of written partnership agreement? Thank you! *spare me the "you shouldn't go into business with friends" talk as we have a strong friendship and understanding amongst each other