Splitting a property

[Kaleb Belcher]

So I just purchased my first deal. A friend and I went in on it together. As it is my first deal we will be doing a portion of the work ourselves. As far as costs go we are splitting everything 50/50 both monetarily and in terms of labor. However, I am the one providing all of the tools ( drills, orbital sander, scaffolding, etc). How do I account for providing all of that in terms of our split? Thanks in advance for the advice!