How Much Experience Before I Bring On Investors?

[Luis Bermudez]

I have my first investment property under contract.  I'll pretty much exhaust my savings in acquisition and repair.  In discussing my goals and approach with a couple of people, they expressed an interest in investing money in the idea.  As I was unprepared to have such a conversation, I simply said I'd consider it and get back to them.  Do I make them partners in each deal where ownership is shared?  Do I offer a minimum interest rate for their investment and additional bonuses for certain benchmarks being met?  I know there are some SEC issues so I'm treading lightly.  Please let me know what you think.  Thanks