Looking for advice on structuring flip with experienced partner!

[Brandon Lebster]

Hey BP, 

I reached out to an experienced flipper that I know to partner up and she agreed. I've remodeled one property myself and did most of the work. I told her that I would do the same for ours and that I have about $25k to throw into the deal. I don't know what kind of deal she will come back with ($ wise), but does anyone have any advice on profit sharing, how to structure the deal, whether both of us should have an LLC set up, how money is spent, etc?

These were all reasons I was scared to partner with someone, but have learned from BP partnering with someone smarter than yourself is the best way to further my education. Please let me know if you have any thoughts. 

Thanks, 

Brandon Lebster