Get an agreement written by a lawyer outlining the equity split and profit split.

This is where you'd outline your vision, and we'd set the goal for the transaction; consider it the "what."

You would outline these details and they would create an operating agreement, articles of organization and make sure you have proper designation.

As most people said here, adding the language within a written offer will show that you are a serious buyer and that you are clearly outlining the terms & conditions upon which you'd be willing to move forward. 

Here is a high-level outline of what it will look like.

Before you go into the partnership, outline the entire process from start to finish in a document.

It clearly outlines the objectives first which is important.

I'm not a CPA or attorney, but I can outline how ours in structured.All my properties are in Oklahoma. 

I agree with his comments and there are actually many other reasons that many of us ignore and which I outline below.Let's not make the classical mistake of looking in the rearview mirror (in the past) to make a decision regarding the future.

I've automated very similar to what has been outlined here but my costs are closer to $30 a month for AWS servers and databases.