MHP Partnership Structure

[Avery Robertson]

I am looking at an opportunity to invest in my first MHP with an experienced investor. The park is out state and my partner owns two other parks in the state. We are considering doing a 50/50 partnership where he will provide the management/operations and I would provide the down payment. I would also provide a small line of credit to the partnership which I would charge for of course. 

Being new to a partnership like this, I would love to hear everyone's thoughts on a fair way to structure the partnership? 

[Avery Robertson]

Quote from @Gino Barbaro:

@Avery Robertson

looks like great terms. No management fee is a big break for you

Good luck

Gino

 Thanks! Trying to learn from my mistakes and others haha.