Structuring deal with family member

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We are trying to structure some deals with a family member who is out of town. He wants to purchase in our hometown and will eventually move here. How would you structure a deal to be fair where we would manage, do rehab if necessary and he would provide funds. We can provide some funds for deals and wanted ideas on how to make it fair for all. Thanks in advance for your feedback. BTW yes I know going into business with family can be risky.

50/50 is the standard for money/management deals and most appropriate especially for family. If a 50/50 split arrangement is not a fit for either party this is a good indicator that partnering with family is probably a bad idea. Make sure you use a lawyer to draw up your partnership contract and include your exit/escape strategy.