Splitting Profits with Partner on Rehab

[Kyle B.]

I have a financing partner for potential rehabs I plan on doing and wanted to get BP's input on how to structure the profit split of these deals.

Some background information - I will be doing all the work from start to finish, so my partner will essentially be "silent" throughout the entire process. Given this structure, do most people split the profits 50/50 (half the profits for providing the capital and the other half for the work involved in the deal)? I plan on contributing a significant amount of my own money into these deals as well (at least 25% of the total costs), but wanted to see if the 50/50 split is a good base to start from when determining profit splits.

Is this in line with how other people have structured deals?

Thanks,

Kyle