JV Agreement - Legal Title In Partner's Name Only

[Kwok Wong]

Hey everyone, 

Considering new investor partnering on a JV agreement for a fix and flip, both parties splits profits and losses 50/50, where the title stays under the other partner's (experienced investor) name. Any risks it creates? What changes or protections would you add to keep things safe and fair for both sides?

Any advice is much appreciated. Thanks in advance!