Partnership Setup for Cash Flow Investments

[Tim OHare]

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. All three of us want to be in it for the long run and are not looking to cash out on an initial investment of time or money. How can we make it to where 1 or 2 of us actually are on the mortgage (but all responsible for vacancies) and all on the deed (or not)? Any help is appreciated.

Thanks,

Tim