Working with an Investor for my 1st property

[Ardilla Deneys]

Hello!
I met an investor that thinks I would be great as a real estate developer. He trusts his intuition and chooses people he trusts to use his money to make more money. He wants to pay cash, write a check, and that be the extent of his work. 

How do you think I should structure the deal? Should I suggest rental or resale? If we sell it, should we go 50/50? Is that insane? He wants to buy in a neighborhood that I really want to live in as well. So if it was a multifamily and we rented it, I could live there while we renovate and beyond. 

Any thoughts on what would be a good deal for me? Thank you!