How is your partnership structured?

[Ryan Davis]

A friend and I have decided to move forward in a partnership. We would like to buy and hold a duplex up to a quadplex. we are okay with something that needs a little work. Simply put, he has the capital and I do not. He has property management experience and is a licensed real estate agent. I have 1 buy and hold experience along with contractor experience. 

My question is this: How do you structure a partnership? What is your advice on starting out a partnership?