Partnerships and Profit in a low cashflow market

[Andrew Tonkin]

Hello BP, I wanted to ask a general question about how to structure partnerships in a low cashflow market. I'm investing in Austin TX and want to do BRRR properties. I have two single family rental properties that cashflow ok right now and would like to do more but I don't have the cash to do more properties by myself right now. I'm wondering about ideas for how to structure partnerships with an investor so it is a win win. Properties in Austin don't cashflow very well and I have trouble seeing why an investor would want to partner(and therefore how to approach investors about potential deals).

Would it be appropriate to do a simple equity and cashflow split? I'm not looking to just be a wholesaler and make a few bucks commission by selling a lead to someone else, I want to be an actual partner on deals. 

Not sure how to set something like this would be set up when cashflow is already so low and I've never worked with a capital partner before. Any advice would be appreciated