Employee versus partner

[John Brennan]

Hi Everyone. So I have been taking my time learning about non performing note investing and am approaching a comfort level where I might begin investing in them. I have a busy day job that I plan on continuing regardless. I have a former employee who I am close with who only works part time and would be excellent at a lot of the skills involved in non performing notes like networking with regional banks, even borrower reach out. 

Does anyone have any experience or advice as to how I could most efficiently get this person working for me?  I could probably just pay a salary but they would be more motivated if there were some incentive.  I guess it’s important to point out that my strategy would be to hold on to any re-performing notes for cash flow. 

 I would rather not give away the farm because I’m coming up with the concept, providing them with all education necessary as well as doing all the funding. 

 Thanks in advance.