Cousins plan in other state

[Sammy Patel]

I have a relative who is buying SFH's all cash at below market, $10k-15k. Putting in another $10k in renovation cost. He then rents out to sec 8. He is doing this in Missouri. He wants me to partner with some other relatives. We would put in ourselves 25% of the cash, but only get 12.5% of the rental profit. Once fixed and rented he is not going to refi. He will leave the cash in the house. He wants to do multiple projects. He would do all the work with renovation, finding the house and renting. But he puts in zero cash and gets 50% of rental income. As stated I put in 25% of the cash but only get 12.5% of the profit. Should I do this?