If they go down, no sweat, they were inexpensive to start and they make money.

This can be time, knowledge, deals, cash, or sweat equity (willingness to work for free).  

I'm looking for ideas on how to structure a partnership for the following ...Money guy (out of town friend that wants to use his capital and wants to be in it for the long run and cash flow)Contractor (will use his skills, network and dealers to rehab properties - plan to use BRRRR strategy)Me (real estate agent that will use some capital, local RE knowledge & analysis, transaction mgmt)I'm struggling with making it work with different parties bringing capital and others bring sweat equity and some bringing a mix of both.

You contribute no money but instead put in sweat equity.

I understand his sweat equity is valuable, and is putting in a lot of time and effort into making this happen.

Maybe he is hoping to have the GC do the sweat and split the profit. lol.

I don't sweat the PM fees. 

Don't sweat this.

I've lost $500,000, opportunity cost, time, blood n sweat  . what rei or events allow you to pass down the education to your family as an option?

Four Family Property in Garfield, Bergen County, NJ for $430,000We put 10% down with no PMI at 3.99% interest for 30 years4x 3Bedroom, 1 bath unitsGross rent while we live in one of the units is $4410/month, ~$53,000 a yearExpenses (PITI, Utilities) are $3400; factor in vacancy, maintenance costs, we probably cash flow a couple hundred a month.We put $25k of materials into property and our own sweat equityAfter One year, appraised for $550,000 ($120,000 increase)Cash-our Refinanced ~$67,000Wife was able to quit her Job as teacher to be stay at home MomWe are looking for our next propertyKitchen cabinets and all appliances were bought used on craigslistThe listing agent said they were getting $1350 for this 4 bedroom 1 bath unit, after we fixed it up we are getting $1700/monthPulled up rugs and refinished hardwood floorsHung Shutters, Did some painting, plants - still needs some workAdded a centrally located coin operated laundry room.