Deal Structure Fix & Flip

[Peter Palmer]

My friend has a property under contract that he wants me to come in and go halves on the deal. We would be fixing the property and selling it after 2 years, he would be living in the property where I only would provide half the cash needed for downpayment and repairs. How could we structure the deal where he lives in one of the bedrooms and we rent out both other bedrooms that works for both him as well as me since I wouldn't be the one living in the property.