50/50 on an investment?

[Jack Randall]

I was wondering what you all here on BP could tell me about team or 50/50 investments in real estate such as a duplex, triplex or four pled preferably. For example: I am 19 and saving for the next two years so I could go out and look for my first deal. So I was thinking for my second deal, I can have a close friend save his money starting right now as well, and we will go 50/50 on my second deal. Has anybody done this? If so what problems did you face and what should I be aware of and/or prepare for? How does it work? Thank you!