Need help with contractor paternship

[Brandon Kalker]

Hello,

Lately I found a great contractor who's worked with investors and flips in the past. He brought a partnership to my attention. My question is what would the terms be? I'd understand if I was doing flips we'd partner on the property once it was soled and split the funds. The issue is I want to start a portfolio of rentals.

What would be the best way to suit both of our interests? I don't think offering equity in the property would work for me because I'd be refinancing and still owe on it. I believe having a partnership would benefit us both because we would both be in it for the long game and I wouldn't have to worry about him completing the project as fast as possible for the payout with leaving things unchecked.  

Has anyone been through this before? any advice would help.