Looking for insight on how to split rental prop, cash vs sweat?

[Javier Rodriguez]

Here's the scenario...our out of state partners are purchasing a rental and funding the rehab with cash.  My wife and I are providing all the sweat equity from cradle to grave including property management.  Any thoughts on how to structure the deal and what split would be fair to all?

The majority of my findings relate to rehabs/flips that most often suggest a 50/50 split.  So would this be the case for rentals as well?  I'm not seeing how one is different from the other.

Do we split the rent 50/50 and the equity when the property is sold?

Or should we get more up front for finding the deal and managing the project and get a smaller percentage of rents and equity?

Should my wife and I expect to have an equitable interest in the property at all?

Also, our plan is to cash out refi the property and do the process over.

Let me know of your thoughts.

Thanks,

JR