How to form fair Partnering contract

[Kalanie Tran]

Hi BP,

I'm in CA and my contractor is in Cleveland where the duplex Where both thinking of partnering up to either do a BRRR with a Mutual LLC or just fix flip and sell. Ideally, I'll be buying the property in cash and pay for all fees involved w acquisition, then he'll pitch in labor and material. Has anyone here have experience with this type of partnership and how do you make it fair for both? PP is $18k, estimate for rehab is $30k. If anyone can share a contract they've used, I'd appreciate it! Thanks guys!