He wants to fund the project, while I provide the GC and contractors, then we split profit 60%(me)/ 40% (him).Most profits will be 30-40k, and we would split that.I like that I'm investing with someone else's money and paying no interest, but I lose profit. 

When evaluating the markets you are considering, look at their economic growth projections.

I'm working on a project that may require a PM to oversee roughly 300 mobile home park lots about 45 minutes north of Pittsburgh, PA.

(Plumbing, electrical, Paint and window installment)Can anyone please recommend a good reliable contractor that I can work with on this project ?

That said, most people say this only works for new development projects.

I am working with a General Contractor to determine if we can find a way to partner up in hopes to make project numbers work. 

Our would you want to walk through and make sure your partners are who they say they are and their projects align with you.

If I were you, I would write down all the monetary outlays and the potential work that will be involved in acquiring/rehabbing (if needed)/managing the property and realistically how much time and energy each partner is willing and able to put into the project, and then sit down and have a discussion about how even or lop-sided this deal is for each party.

I have been slow moving in this process as we are in the middle of some other large projects at my other properties. 

I pretty much end up being the GC for all of my projects.