How do I enter my first deal with a partner the right way?

[Aaron Bui]

Me and a partner have been listening to bigger pockets and became motivated to start our journey by partnering up for our first deal. We have decided to keep our risk low by investing in town homes with a price range around 100k. I’m still doing my research on how the mortgage would work and the legalities for two people working together in real estate. I just want to do it the right way. Our intent is to both assume the loan and create cash flow through tenants and spilt the profits every month (if no vacancy). Any help or advice would be extremely helpful, thank you.