Confused about partnerships

[Tarcizio Goncalves]

Hi everyone, I am trying to start my REI career and had questions regarding partnerships. I'm not sure if someone can share a partnership agreement they have or not but I am having a though time wrapping my head around this concept. I have some cash saved up that could be used as a down payment on an investment property but what if my potential partner doesn't have cash? Splitting the profits 50/50 or 60/40 just doesn't make sense to me if I am bringing in the money. I know that in the agreement, responsibilities need to be set. What are these responsibilities? What happens if my partner doesn't hold his side of the agreement? I was curious to know what people have in their agreement and how I can make a partnership work.

Thank you