Structuring a partnership

[Aron Rodriguez]

Hello all, I found this great deal and going in 50/50 with a trusted friend. 425k offer with an ARV of 600k based on sold comps within 3 months. The challenge on this property is an unpermitted room in the garage and kitchen/dining room renovations.

How did you structure your partnerships and how did you set up a legal partnership agreement? Any information on this is much appreciated. Thank you.