How to structure incentives with Partner/Contractor

[Sean Lesser]

I am a newer investor in the lower/middle end areas outside of St. Louis and have a few properties already renting but have found a good contractor who is looking to flip smaller homes in the area but doesn't have the capital to go on his own. We have discussed partnering on a buy/rehab/sell but would like to hear how some of the professionals here would structure a partnership agreement in this situation?