Legal Docs for House Flipping

[Alberto M.]

What are the legal documents that you use to perform house flipping with partners?

I’m not referring to the documents to close on the transaction such as the Purchase Agreement but more to the documents between partners depending on their contribution.

Let’s say there are two individual looking to flip a house. One of them will bring all the knowledge and experience and will do all the work (sweat equity) and the other one will invest all the necessary funds to complete the deal. How would you legally structure it and what documentation would you use?