Limited partnership investing

[Simeon Stubblefield]

I'm a new investor in Knoxville, TN and wanted to know if anyone has done a limited partnership agreement with investors to fund wholesale deals and fix and flip projects with an LLC. Essentially a group of investors sponsors your investment deals and recieve their cut of the profits with no managing input to the company. What agreements would you use and how would you define the investor distributions? Would they just be called distributions?