Looking for deal structure options for first rehab JV.

[Drew Carpetner]

I'm interested in executing my first rehab but thinking it might be best to partner with someone with experience. My question is, what are some ways to structure the deal that are a win win for both parties?

I'm a licensed but inexperienced broker and own a small portfolio of STR's but I don't have any experience with a rehab. I'm open to a flip or BRRRR and would be comfortable investing ~$100K in the first one. I also have excellent credit.

Are there some common deal structures that work well to join a capital partner with someone with rehab management and estimating experience? I'd like to ride shotgun on the rehab to learn and happy to help under guidance, as needed. (Just the management, not hanging drywall). I'm in Denver, if that helps. 

Thanks in advance for any insight!