But the above is a good framework or outline on what you can do.

I've also had clients recommend Property Frameworks and Two Doors Realty.  

You can easily come up with a rough framework least template relatively easily, always leaving it editable if there is a particular nuance related to a particular property.

Assuming I can check off the above boxes, I guess we could have a lawyer (or LegalZoom) draft the framework into an agreement that we'd both sign.Anything else I'm missing?

That’s my view on the situation, so take it with a grain of salt, but try not to look at any opportunity in a binary (can/can’t work) framework but rather a “how can I make this work for me” framing.

Now, I have to set up the legal framework so that everyone is protected, and everything is put into writing. 

It's important to have a framework you can run like a flywheel for every deal you consider.

All part of the larger legal framework to protect consumers from repairs by unlicensed contractors.

To think that as soon as next year we could have 16 and 17 year old kids who have virtually no real world life experience and minimal contextual understanding of past policies, economics, national history, etc. swaying election results is only going to push even more short sighted agendas that have a good tag line but don't have the fundamental framework to actually solve the real problems.

I wanted to have several deals done successfully with my own capital, & have the framework down before I take other people's money.