1st Deal and I don't know what to do

[Dee Peterson]

A guy I know needs to move but he has a criminal background and bad credit. I told him to let me find him a house and he has agreed to that. I came up with this idea to buy a house (in my name) and let him foot the bill and he said he would do that as well. He has around 10-15 to put down and i told him that we could do the deal as a partnership and when we flip the house we will split the profits. Can someone give me a little advice on how i should set this up. thanks and advance.