Partnership that is friendship friendly

[Kimalee Jean-Louis]

I’m a beginner at real estate investing and i’m Interested in getting started in the near future, by way of buy and hold.  I thought the best way to begin is by partnering with a friend of mine on a property in NC (she is currently living there).  As a start I would like to minimize risk, until I learn more, my idea is this, go 50% on the down payment and closing cost. My friend will do all of the work with the house, gaining 65-70% on monthly profits and I, 30-35%. Upon the sale or refinance of the house, I get 50%.  If you have been in a similar partnership, please way in.  Does this term make sense? What would make it better?  My goal is to get my feet wet and minimize any stress on the friendship.