Joint Ventures - How have you structured them?

[Taylar Caraway]

Interested to hear ideas regarding how to structure a partnership correctly so it is win/win for both sides.

We are young and able to act as the "boots on the ground" to handle all the day to day operations of the property, including management/tenant issues/repairs/etc but we lack the necessary capital to get into some of the deals we want. We feel we can offer a more "passive investor" a great opportunity if they chose to work with us but we don't know the best way to structure this so it is beneficial for both parties...

Split cash flow? 

Split equity? 

Hoping to hear what you have done and what has/has not worked out for you!

Thank you in advance!