Help on how to do a joint venture

[Monica Silvestre]

Hey investors, 

I have friends and family that are interested in investing their money and having me help them with research, purchase, rehab, and tenant placement. From what I've read, this sounds like a joint venture. I'm trying to figure out the best way to have them transfer me their funds and put some kind of % on top that would compensate me for my time/expertise. 

I want to be mindful of the tax implications we'd both face and would love any advice or referrals to someone who could guide me through the best way to do this. I'd also love to hear of any suggestions on appropriate compensation for this kind of project. 

Investments would be in Florida, not sure if that's important to note.