Fix and Flip with a seller

[Lamont Marable]

Hello BP,

I have a seller that has a property for $150k but is willing to go down $130k. ARV is about $280k - $306k but it needs about $75k to 90k of work. I want to structure a JV deal with the seller. They will continue owning the property and I bring in a team to do the rehab work. If agreed, what should be stated in the and should I go through an attorney to outline the contract? What other obstacles could come up?