Fair partnership between contractor and investor?

[Christopher J.]

2 people. One has money to invest in rehabs but has no skills. The other is a contractor with the skills to rehab but very little cash. What would be a fair financial arrangement for the 2 to partner in rehabbing? I realize the investor can just hire the contractor but I want to be more creative. I want the contractor to share in the risk and reward for motivation and so the contractor's interests are aligned with the investors. Are there any standard arrangements so both can share is the risk and reward? Are you or have you been in a partnership? What were the general terms and how did it work out? Thanks!