structure investment opportuntiy

[William Nicastro]

I would like advice on what be the best way to get this done. I have a very good friend who lives in a different state. He is willing to put up the money to purchase and fix up property. He wants 6.5% on his money which will come from the profits and we split the remaining 50/50. What would be the best way to structure the arrangement? I have a RE brokers license here in Florida. So I don't know if that helps or hinders me. I have a some cash for the deal.