I have a partner that is backing a deal financially on half of a duplex that we are going to rehab. What is normal compensation for the two parties and what type of agreement is usually written up between the two parties?
A typical arrangement would be for your partner to provide all the money, you do all the work, split profits 50/50
You will want to have a joint venture agreement and or a limited partnership agreement. You should make sure to detail all aspects of the partnership including who does what, who gets to collect what and time frames.
Good Luck
Chris