Joint Venture

[Francis Dayamba]

I am partnering with a friend of mine to buy a property. We will both be providing Cash (either a 40/60 or 50/50 split) but I will responsible for managing the property and he is more of an investor. I will be the sole person on the deed. 

What are the types of topics that need to be laid out in a formal document that we sign that outlines are business partner relationship?