How to split profits on rehab and rent properties

[Monisha Nabar]

I will be providing financing for purchase and rehab of SFH while my partner will be actively finding the property and overseeing the rehab. We want to hold this as a rental income. What is a fair way to split profits on this transaction?

How would we split if I finance 100% of the deal

How would we split if I take a mortgage with 25% down and I finance the entire rehab costs.

Appreciate your inputs, looking for cfreative ways to make this fair for all parties.