Partnership Structure

[Josh McCullough]

I've been around the MHP business for about 5 years now.  I do not own a park, but I own quite a few mobile homes in parks, and I'm fully capable of operating a medium size(50-100+) lot park.

I have a couple of guys who are interested in a JV. These guys have cash, but do not know anything about parks. I'd be the operations partner. How would something like this be structured as far as ROI? Would they get a higher % than me?

In another scenario....lets say that I do have cash, and the three of us go in equal, but I still do all of the operations.  How would this be structured?