How to structure a partnership

[Rafael Brown]

Hi all, I am currently in a great situation. A good friend of mine has a ton of capital and is eager to start investing with me. However, I do have a question regarding the structure. He is contributing 100% of the capital, his expected return is roughly 20%. He wants to offer me 15% of the repair cost so for example if the repair cost was 100,000 then my cut/fee would be 15,000. Is this normal? What I have been finding out is that it is very difficult to do deals this way. I'm having to find deals that would offer a 35% return which is quite tough at the moment. Has anyone dealt with a situation like this? All advice and feedback is welcome.

Thanks!!