Structuring terms w/ a partner for the very first deal

[Clark Harrison]

Hey fam! My wife and I are ready to take the plunge and start our investing business. We live in Naples FL, (which is a wealthy market), and likely need a partner for our first deal. After talking to a lender, I learned We either need to continue to raise our credit score for a few months, or find a partner for our first deal.

Because this partner would likely be the only one on the mortgage, thus absorbing the risk, I’m looking for partners who don’t live here so I can make sure we ensure value in this deal besides just putting up half the money. 

I’m looking for advice on how to drum up a proposal. Besides splitting the down payment, income, and equity, I’m offering to do the work and running the business management since they would absorb the risk w/ the mortgage. Is that a good proposal? Any advice on other things I should add or change? I know a fair amount of people who I can bring this to.