Partnership Buy and Hold Split

[Rob Riggins]

I want to partner with someone I know on a 4-family purchase. They would be on the mortgage to provide owner occupancy for FHA. I will provide all cash for down payment / closing costs / upgrades / ongoing maintenance / etc. I would also utilize this individual as an on-site manager.

What is an equitable ownership split? Should they benefit from the positive cashflow? Get reduced rent? 

I'm not sure what is fair so would appreciate any real-world experience or thoughts that folks may provide. Thanks!