ISP Peering

[john () shutter net]

Here is an overview of my situation and I felt that someone here may 
be able to help out.  I work for an ISP and also run a cottagenet.  
One of the cottagenets in the area was interested in running 
a t-1to my location.  

We would then act as a peering of sorts.  I could send traffic 
through him while he sends through me.  We are both on different 
backbones so I felt it could be beneficial. 

I know BGP would have to be run, but I am curious what other sort of 
thing I will have to read up on before this is possible.