Advice on Unconventional Partnership

[Kyle Nield]

I am still in the learning stages or real estate investing and am leaning towards either turnkeys or BRRRR. I currently live near Roanoke, Virginia and my Brother lives in North East Florida (Palm Coast area).

I happen to be in a place financially where I could start to buy a rental property or two, and hopefully more down the road, and my brother works in residential construction.  My thought is to partner up with my brother, I'd provide the funding and he'd provide the labor, and then we'd have to come up with a way to make that work for us both financially (definitely get a lawyer and cpa involved).  

My brother would need to be paid for the labor but would probably also like to have some sort of investment in the properties as well.  If this isn't something that will likely work, then I may just go the turnkey route.  I would be very grateful for any advice anybody is willing to give.  I know there a ton of ways to do a partnership, but does anybody have any experience with this type of partnership?  I'd be very appreciative for any advice.  Thanks!

[Whitney Hutten]

@Kyle Nield You can do a partnership with him (though I agree partnering with family is risky business).  I would make it a true partnership... Not confuse it with an "employee" relationship.  Make sure both of you have skin in the game and expectations clearly spelled out.