structuring my partnership

[Nathan Kartchner]

Hey team. I'm looking to start my first jump into real-estate investing. I've got my eye on a few acres in rural Utah to do short term rentals with some tiny homes on the site. My question is how to best structure my LLC. I'll be financing the purchase of the land and the homes. All in the cost should be around $220,000. I'm partnering with my brother who will be managing the day to day. How would you set up paying both parties? He'll be doing most of the work, but I've got all the financial risk. I want a solid contract to avoid any strife a venture like this with a family member could create. Originally I was thinking just split the profits 50/50 and the land belongs to me. This seems fair as I enjoy the long term appreciation and some of the cash flow, but also incentivizes my brother to manage it exceptionally. What would you do? Any really good advice for partnering with family? Thanks!