Partnering a buy&hold with a flipper?

[Tim Joyce]

Anyone (especially in Minneapolis-St Paul or Fargo areas) ever seen or done a partnership where you are the (novice) long term buy & holder going for cash flow, and they are the short term flipper interested in appreciation upon refi? Any good or bad experiences to share? Seems to me like the agreement and numbers would have to be very clear up front, at the very minimum. But after that, the win is on both sides: the flipper has a built in buyer to cash out their appreciation on refi, and the buy & hold person gets expertise during the rehab, then already knows the property and cash flow potential and doesn’t have to constantly “mine” the network for more deals. Clearly, this is high level, so I’m wondering (1) if that has worked or not for you, (2) what I might be missing there (eg, too much hassle for a pro flipper?), and (3) if anyone in these areas wants to brainstorm with me about how it could work.