Rookie Flipping Question

[Andrew Commins]

I am an agent and have been wanting to flip houses for a while but have been looking for private money to get over the barrier to entry. I finally found one so we are planning on partnering up, he just wants to be the "money guy" and I will handle everything else. (we havnt gotten to specifics yet) I am just wondering though what I would do with my commission? Do i keep it? Put it back into the flip? Set it aside as part of the overall profit? I know this is something we would talk about and agree upon but i really just dont know what the standard is since he is all the money and I am all the work. Thanks in advance for your advice and help!