Looking for structure advice.

[Tyler Warne]

I am looking to invest with my father, he currently has 2 single family houses which are in his town. I have a 4-plex under contract and don't have the cash to purchase it on my own and I am curious how investors have split both the equity and the repayment. 

I was thinking of me taking a 10% management fee and my father making a 13% rate of return on his down payment then splitting the equity 50/50. Does that sound OK from what others have done in the industry?