Is this a Deal or a Scam? Heputs in nothing but wants 50% equity

[Nadirah Dawson]

Hello Everyone, I was just given a proposition to partner in deal for a house in Irvington, NJ ( a high rental area), 3bd /1bth SFR, for $69K, he puts in nothing but "experience" and he'll handle cosmetic repairs and the fixes around the house. Now I thought he was bananas for asking that for a "partner" deal but maybe you guys can see something I don't. Another note: I will do the refi to get the money that I put in back in 3-6 months. He said he wouldn't request any money from the re-fi but would want 50% of the rental income (rental for this house can go up to $1,300) and 50% equity of the house. Is this a good deal? If so, kindly advise.

Many Thanks,

Nadirah