Baltimore Joint Venture Deal Explained

[Briyana Hawkins]

There's an awesome deal we're hoping to close on with great comps in Baltimore near John Hopkins and hot investment area. As newbies, we want to understand how to go about partnering with someone for the deal... We have enough for a down payment so would the two entities split the down payment for HML? Is the profit split automatically 50/50? Or what would the split be if an investor funded the rehab? We don't want to get swindled because we're not as experienced. Thanks for any advice and suggestions!