RE Partnerships Typical Arrangements

[Keeya WangJones]

Hi BP,

What is the typical arrangement for partnerships when one partner does not have capital to invest but they have all the other elements:

Partner 1:

Owner-occupied,  Great credit, No capital

Partner 2: 

Non-owner occupied, Capital , Great credit 

Does partner 1 get a percentage of equity plus percentage of cash flow? 

Partner 2: equity, cash flow, does all the property management responsibilities and operations. 

What is the typical fair split?

Thanks,

Keeya