Partnership Structure Investing with Friends

[Frank Conigliaro]

What would be a fair split or structure for the following situation?

I have two friends with solid capital who are looking to start investing with me. I would be doing all the work - finding properties, renovating, renting, etc.....

What would you recommend be the profit split? What percent of the down payment plus funds for renovations should I, the GP, be putting in? Feel free to throw out any additional input you may regarding this structure.

Just trying to get a feel for what works from some experienced individuals.

If your the kind of guy who comments by asking a million questions, poking holes at everything, save your time and don't comment please.