How do you divvy things up with investors when you find deals?

[Brooks F.]

I've been having some decent success in RE, and so now i have the opportunity of having a number of people asking to give me money. I've vetted and have two people I'm willing to use their money. I'm having a hard time figuring out how to go into partnerships with them.

I've searched around and it seems like most the conversations about partnerships are either Investor + Buyer or multiple equal partners going in together. Whats the best way to do it if your NOT equal and you are the one finding deals and offering a lot of support? I read about people doing this, but I don't see anything about how they actually set up the ownership/investments.

So here's my question- in these situations, should I try birddogging and give them the deals and charge them a fee, or is that illegal/shady?

Or should I go in 35/65 with them and take a 50/50 ownership?

Or should I just take their money and offer to pay them interest?

How do others do this to be both fair for the other investors and yet make it worthwhile?

I know there's risk to going into partnerships, but I'm OK with it. None of these properties are big enough deals that I'll lose sleep over them, but I could use their money on them to make the deals happen.