Start a business with a contractor

[James Winters]

I have a friend I am debating starting a business with. He has time, experience as a contractor, and has rehabbed his own rentals and our house. I have the book smarts research and capital. I think we could make a great team, but want to be cautious. I’ve owned 1 rental previously that I have now sold. He has had a few rentals but now has none.

Could this work? What do I need to think about before? We could contract other items such as management and accounting.