Seller wants to partner up??

[Cesar Garcia]

I've been working this lead for a couple months now, seller called and said he would like to partner up to flip his house(house was gutted out due to a fire), he said he was willing to put the house and for me to put repair costs, which a contractor I took to see the house told me it would be around 60-80k and we should split the profit 50/50. ARV is 325-350k,I haven't done any deals or flips yet, and I know this one has potential. How would I structure this deal, also how can I get funding to do this flip or would it be better to partner or refer it to another investor?

Thanks in advance for your responses.

Any advice is appreciated.