Splitting returns for dual partnership?

[James Wierzba]

My brother and I going to invest in buy and hold rental properties and we are deciding on a fair deal how to split ownership given that one partner is completely passive. The other will be doing all of the work (finding +vetting deals, closing, dealing with all day to day maintenance, etc.).

What we are thinking to do is split everything evenly: down payments, closing costs, rental income (after expenses), capex costs, ...etc.... 

Additionally, the one that is doing the work will have a 55% share of equity and the passive investor will have 45%). This would be the compensation for the efforts.

Thoughts?

[Dan Mcclain]

The one doing all the work won't be getting paid enough, or soon enough.