Partner Cash flow split on a MFH

[Bab Adetiba]

I located a mfh, ran the numbers, and formed the necessary relationships on a MFH 26 unit deal. A partner wants to fully finance the deal. I will not wholesale the deal.

As someone who won't put any money down, what should I expect to split? I would love to have 8-15% ownership/cashflow in the deal. Is that an optimistic structure?

I also want to add that the property has the margins to command a 15/75 split. With that 15/75 split, the partner gets 26% COC and gives the partner the monthly $3,500 + returns they are seeking.

In addition, how do I classify this partner? Would the partner loan my LLC money with a promissory note or should I start a partnership LLC with this partner and have the aforementioned structure mentioned in the operating agreement? I am leaning towards the latter and intend to execute this type of deal many times with many partners.

I just need a little direction. Thanks!