Structuring and out of state partnership

[Brett Dawson]

I am working with an out of state investor on putting together an offer on a multi-family that will need repairs. I will be the one managing the repair process and basically the boots on the ground for the project. The other half of the partnership (out of state) is working through the commercial loan portion and the other details. We were just wondering if anyone has any experiences setting up similar structures that are fair and equal for both partners.