Partnership Agreement?...Or other recommendations?

[Aaron Antis]

Hi Guys! I first off want to thank anyone that will lend their thoughts here.  

I’ve got an opportunity to partner with someone that has done the construction on my homes for long-term rentals in Tennessee (I live in California). Basically the way it would work is, I would be the money to buy the property and pay for the rehab and he would be the construction to flip it, and then we would split the profits after selling (occasionally I might buy a property here or there). Has anybody done anything like that and how did you structure that so there was minimal liability? Especially because I am concerned about putting that much money down at the beginning of a new relationship. I appreciate any help anyone can provide. This is still in Tennessee so if anyone has a recommendation for a lawyer that can do this, or show me where on biggerpockets I can find attorneys in the area, that would be huge.

[Adrienne Green]

@Aaron Antis I know someone here who does something similar.  The "contractor" role is also in charge of house acquisition.  The person has a legal contract that clearly outlines everything, so the investor is protected.