Introduction and Operating Agreement Question

[Tom Kidd]

Hello all!  I'm Tom Kidd and live in SW Ohio.  I'm an attorney, more of a litigator than a transactional guy, but interested in becoming more of the latter as I get old and want to stop fighting with all those young turks.

Anyway, I am finally ready to get involved in real estate investing after many years of exploring options.  (I read John Staub and Kiyosaki many, many years ago so it is about time.)  Anyway, my question is I am looking to form an entity with a close friend.  I will be bringing more money to the table.  He will be bringing more construction/repair knowledge.  Typically, I would base the profit distribution on the initial capital contribution, but I am not sure if that is equitable in this situation as his skills will likely be needed more often than my skills as an attorney.  Thoughts on how to determine a just allocation in this situation?  All suggestions are appreciated.

And, I'm glad to be here at BiggerPockets after lurking and listening to podcasts for years.