Are partnerships worth it on SFH?

[Beau Pearson]

I will try to make this brief. So there will be a lot of details left out. A very experienced BRRRR strategist in the Kansas City area suggested him and I form a partnership. I am from Florida and like the market. The short version is he would handle managing the rehab and contractors etc, I would make an initial loan to the company and acquire both the short term money and long term refinancing money, as I can still get the conventional since I’m under my 10 limit. All equity and cash flow is 50/50. And whatever I make as a loan to company would be paid out first. The price range is like 60-70 all in numbers with ARV 85-95k. Cash flow maybe 125-200 per. My question is, is this worth it? Seems I’ll be taking on 6-700k in debt for not that much cash flow. There will be a lot of equity build up though. Thoughts?!???