Thinking about partnering with a Contractor

[Tim Vallee]

Hello BP world

I know a Contractor / Flipper. He does very good work and flips his product out quickly. If he were interested in partnering on a property flip, what would that deal look like. I know this is a loaded question. 

I was thinking of purchasing the property (and putting the contractors name on the property with me) and have the contractor put his own money into the rehab portion of the flip. The Contractor would have full rehab decision making authority. After the rehab, we would sell the property and split the profit 50/50. 

Is this a good or bad idea, and why. 

Thanks

TV