We want to detail the responsibilities, capital contributions, profit and lost sharing percentages, decision-making process, have dispute resolution methods, and exist strategies.

I picked up the BRRRR method book and feeling confident in setting it all up (we did a similar process for our Airbnbs).  

Any recommendation for the first steps I should take if I want to purchase my first rental property using the BRRRR method (or flipping).

Would that method work again?

Are you looking to continue doing the BRRR method or branching out? 

., set salary, percentage of profits, or other methods)?

@Treza Edwards "I am reading the Rental Property Investing book and implementing the method that focuses on cash flow and that strategy states you need to have $300 cash flow per month, per property.

I have often stated there are two ways to make money in Real Estate....The California method and the Texas method (I certainly understand there are many more ways to look at investing but I am OVER simplifying).  

I rented to ACU students and used the rent by the room method.

We have done tons of non-occupied flips too (fast method).