Partnering for Condo Purchase & Rehab

[Brandon Von Sternberg]

Hello! Wanting advice on what a fair split would be on the below situation. 
I want to purchase a condo with the loan 100% in my name, with the intention of completely remodeling the unit for potential rental opportunity. 
I found someone, who I trust, who wants to partner up because she has been wanting to invest in this building herself and she wants to bring all of the cash for the renovation, but also wants to split equity 50/50 (or something along that line, maybe 49/51) since she would not realize any gain until we sell. 

Has anyone done something similar and have any advice? Or are there other things you’d also consider?

My thought right now is that I’m bringing a much bigger loan than what her cash would be and I wanted more thoughts about why a split closer to 50/50 could be fair. 

Thanks!