Partnership structure question

[Bryce Hammill]

Had a few questions about structuring a partnership deal. Found a property (third) that I'd like to buy and hold. Talked to my lender who also happens to be my neighbor about all the numbers on the property. I'm slightly short on having the funds for the down and repairs needed. He offered to put up half of the money needed and split the deal. Property is out of state and we would use the team I already have in place to mange the property. Property would conservatively return 10%COC.

Does 50/50 split sound fair? Would you adjust anything?

Anyone have any reading material they can point me towards?