Partnering with my Contractor

[Nico Roe]

Hello Everyone! Looking for some wisdom on partnerships. Specifically: I am interested in partnering with a GC. I would bring the lion's share of the capital, he would provide all renovations and waive his fee. His capital contribution would be in the form of his labor/expertise. 

My question is how does this partnership translate into distribution of revenue? Also, should we form an LLC? Or is there another vehicle that would better suit our goals (Strictly BRRR). His expenses would need to reflect my capital contributions for this to be a 50/50 split. Thoughts??