Who JVs with a Money Person?

[Rick S.]

I don't want to do the leg-work flipping houses any longer, but I enjoy being in the game.

I would like to setup a system where I would Joint Venture with an active flipper for a few projects each year. I am sure there are plenty of flippers using HMLs or PMLs,  but do any of you actually partner on a project where you split the profits somehow? 

Im trying to research the best way to structure the deal, and I am hoping that someone who has done a JV could chime in about how they structured the deal and how it worked out for both parties.