How to partner on buy and hold?

[Jeff Macdonald]

Greetings! New investor here.

My competitive advantage is that I have some capital and am motivated to market/hustle for leads. I am interested in buy and hold investing with BRRRR. I'm missing the project management/contractor skills and experience. I am attracted to having a knowledgeable partner do the project management side of the rehab. I want to avoid paying hourly wages for a project manager, seems like a partner is much more likely to work well. Seems like it is much easier to partner with flipping than long-term buy and hold, since you have quick (hopefully!) sell date and can split the profits.

Anyone out there have experience/ideas to share related to this? Anyone used an appraisal to determine property value and splitting profits? Thanks!