OPM and borrowing entire down payment question.

[Justin Fox]

If I were to borrow someone's money to put the down payment on a house and the investor didn't want to be paid back over a term but a forever 'dividend' (I guess).  How would the money (rental profit) be split up typically?  I would be doing the the tenant vetting, the maintenance, paying the bills and etc...  I guess they would be an angel investor.  

The way I think it would go would be:  I find a good deal, borrow the money from the investor to purchase the property, refinance after rehabbing and then pay the investor back plus accrued interest with cash to spare (best case).

I wouldn't think partial cashflow would be an appealing return.

Justin