Inside the basics of a Partnership. HELP!

[Bryce Herrera]

I'm a newbie in the RE investing game and have struck up a partnership with a talented investor in my area. My plan of action is to use the BRRRR strategy and live in the property while leveraging the home style loan and renting out the remaining rooms to help cover the cost of the mortgage. I want to make a great first impression with my 50/50 partner and was wondering how the BP community might structure a partnership. For example, since I've never done a deal - what are some things that my partner should expect of me and what should I expect of him? Thank you!!