How would you structure this partnership?

[Josh Sterling]

We have 2 investors. Investor 'A' and investor 'B'. They live on opposite sides of the country, but have connected through the magic of BP and a partnership may be born.

They plan to pay cash to purchase long term buy and hold properties.

The properties will be located in investor A's market due to the cash flow opportunities. He already has a good size portfolio (50+ units) and a management company in place. Investor A will also be in charge of finding the properties to purchase, managing the rehab, placing the tenant and then managing the property going forward based on the systems he already has in place.

Investor B will visit at least once a year and keep an overview of the investments, as he also has the experience of owning 10+ rental properties. However his general goal will be "Mail Box Money"

Both investors have the cash available to purchase multiple properties.

How would you structure this fairly?

How much should each person own and how much should each person contribute?

If they each contribute 50% of the purchase/rehab money, how much should investor A get for his role of finding the deal, managing the rehab, and managing the property.

I realize that it is ultimately up to both partners to decide what is fair and create a win win situation, just looking for input, experience or suggestions from the BP community.

Thanks,

Josh