Splitting Ownership On A Rental Property in Dallas

[Lucas Hunt]

Afternoon BP Fam, wanted to hear your opinion on a rental property. My friend is going to supply the money for the down payment. I will bring $0 of my own money. But, I will be finding/negotiating the deal, listing the property for rent, screening tenants, and handling all maintenance myself. I will essentially be managing the entire property/collecting rent and my friend will not have to lift a finger. 

Curious how others have split the ownership of the investment property on situations like this? Is a 50% - 50% split fair? 

[Kristi K.]

Quote from @Lucas Hunt:

 I will essentially be managing the entire property/collecting rent and my friend will not have to lift a finger.

No offense,  but your friend would be better off buying the property for himself and paying a PM 10%. Why in the world would anyone give 40% of their profit to someone else?