Partnership advice

[Emad Khaz]

what is your advice on partnering with a really good handy man/friend, the most fair way to split the profit if it was a flip .  .. he can do all the work on a property (he pays nothing,just labor ) ..so i pay for all the cost , he does the work ..we sell the house with 60k profit-net after paying all expenses (just an example) , how do u split that 60k ? 

and how about rental property ? if he rehab the house and i rent it ?

thank you all