What are some standard process or contracts needed before the partnership to make sure both parties are protected?

Use this partnership as I way to learn how to crawl in the house flipping business.

It's possible the engineer is agreeing to take on the ENTIRE development process and manage the entire development of the project but that would need to be clearly defined in the roles and responsibilities of the development partnership. 

During our discussions, we explored goals for growth in an indirect partnership.

Some are in partnerships, while others are owned solely by my wife and me.

Some are in partnerships, while others are owned solely by my wife and me.

Additionally, investing in real estate education and seeking mentorship can enhance your understanding of various strategies and market dynamics.Creative Financing:Exploring creative financing options, such as seller financing, lease options, or partnerships, is another avenue to consider.

Partnerships are tricky and you can't always be the one making the decisions, partner has to win too.

You want Someone who is just in it to get a return and have a great partnership.

Creative financing, partnerships, or shifting to long-term appreciation rather than strict cash flow might also help in this market.