How to split profits?

[Riley Holt]

Hello BP. I am starting to get my ducks in a row and plan to invest in rentals and maybe a few flips here or there. My brother who lives in CO will be my hard money lender. He will cover the down payments and rehab costs while I find the properties and manage the rehab/repair. I plan to use a management company for the tenants because I'm too soft. So my question is this. How do we split profits with rentals? I have a fair idea of splitting the profits on flips because its a one time lump sum. But how would I do that with regards to rentals? Any and all feedback is appreciated.