Question Regarding Structuring a Deal with a Partner

[May Goldberg]

Hi Everyone, I have a question regarding structuring a partnership with another investor if both partners are not bringing equal capital into the investment? Should the profit be split based on the percentage each person brought in? Or would it be fair for each partner to receive the money they each put in back and the profit after that split 50/50? This will be my third investment, my first two were with my father and we agreed whatever we put in, we'll each get back and then split the profit equally. Also, I'm a realtor so, I would most likely deduct my commission from the purchase price and of course not take any commission when selling. I'd appreciate any thoughts on this! TIA