What's up Docs? Partnerships that is.

[Mat Lewczenko]

I wanted to get an idea of what docs everyone is using when you put together a partnership-J/V deal.

Example:
I have cash partner who will be paying for downpayment and holding costs. We will be taking out the hard money/financing and running the renovation. Plan on spliting the net profits 50/50.

What are some of the contracts you put in place for all involved?