How would you structure this deal between two partners?

[Amit Kal]

Hi all, I needed some help in thinking through how to properly structure this deal so it works out equitably for both investors.

Purchase Price: 180k

Renovations: $7k

Closing Costs: $3k

Holding Costs during renovations: $2k

Total to acquire and renovate: $192k

ARV: $210k

Cash-out Refi (70%): $147k (only 70% b/c it is a duplex)

Transaction costs for the Refi: $2500

Cash to disburse between investors: $144,500

Investor A - Will put 172k cash into the deal, but has no job currently so cannot get the re-fi

Investor B - Will put in 20k cash into the deal, has excellent credit and great debt-to-income and will be primary applicant on the mortgage

My questions:

1) How would you restructure this deal if you were Investor A and found the deal and are structuring the deal? 

2) How would you distribute the cash out re-fi funds between both investors?

3) How would you distribute the monthly net cash-flows between both investors?

$) A lawyer will be needed to set up the operating agreement and that will incur some fees. Who should pay this fee? 

If I left out any details, please let me know. 

Thanks in advance and mods please move this to the right forum if this is not the correct sub-forum!