Partnership Setup-Splitting of equity based on duties/investment?

[Bret Weigel]

Hi all, 

I had a question regarding partnerships and equity % in said partnerships. In this example Person A would simply be the money guy and a silent investor. Person B would be in charge of finding properties that make sense financially to buy & hold and make solid cash flow returns and appreciation. Person B will also contribute some money but for argument's sake, let's say Person A puts up 100% of the money. If developing a partnership, and Person A wants to just give money and not be involved, and Person B handles all the due diligence, the financial matters, etc. what would be a typical fair % of equity that Person B would receive for doing the above? 

Also, for the above scenario, let's say there are two options within that scenario: 1) Person B also finds tenants and manages the properties.   

2) Person B only finds the properties that makes sense, handles the finances, calls with property manager, etc but has a separate property manager to find tenants and manage. 

Thanks for any feedback/insight on this topic!