Partnerships: How should you split profits in a partnership?

[Garrett Hollenbach]

Hello BP community, 

I'm possibly looking to enter into a partnership. They will provide the capital and I do all the rest. Based on that, here are some questions I have:  

1. Can the property still be in both of our names? 

2. Is 50% a fair take from my end? I feel like because they're providing all the capital they are taking more risk...so they should get a higher percentage (like 60 or 75)...or is that line of thought inaccurate? 

3. Would the percentage of how much I cover expense costs mirror the percentage of how much I get from the cashflow? (like if we're 50/50 partners would I then cover 50% of the maintenance/CapX/Vacancy/etc. costs? What if we were 75/25 partners (me being the 25%)? Would I only have to cover 25% of maintenance/CapX/Vacancy/etc. costs?

Thanks so much everyone!

Garrett