How would you structure this deal?

[Abad Marroquin]

Hello BP community. I need a little help structuring a deal with an investor. I found a deal. It's a multifamily property that has potential to increase rent of $150/unit with minimal improvement. 13 Units. I am buying it for $760k, owner financing. Seller wants $250k as a down payment. $510k financed over 20 years at 5% interest rate. The property in 2-3 years should be stabilized and the property should be worth around $980k with 14.5% COC ROR. So, I will increase the value of the property by $220k. Since the down payment is $250k, would it be reasonable to both of us go 50/50 on this deal since my partner who will put the 100% of the down payment will be basically a passive investor. I am going to be overseeing the property. I am hiring a property manager but still I am the one who will be in charge of the project. What are your thoughts on this deal? Would you structure it differently? Thank you!!!