JV Deal Structures-Residential

[CJ B.]

Hey BP-

Can anyone shed some light on the best way to structure JV deals for flips on residential. Potential partner is well established and seasoned- with an immaculate record, has own construction crew/manager and has done hundreds of residential/commercial and development transactions of all kinds. What's fair, what's typical? And how is the smartest way to go about it in a way that is beneficial for tax purposes? How do YOU do it? Any insight would be appreciated. thanks!!!