Money/Managing Partner Split

[Matt Jankowski]

I'm trying to figure out what a "fair" or at least typical split would be for the following deal:

Money partner brings money and guarantees the loan.

Managing partner does 100% of everything else. Creates, negotiates, analyzes the deal, manages the property and tenants during holding period, manages the (minor) rehab prior to sale, serves as the listing broker and markets the property for sale.

Basics with example numbers:

Money partner funds $50,000 cash into the deal for 25% downpayment, conventional loan.

Property is already leased. 3 yr holding period. $20,000 total cash flow over 3 years, $70,000 profit on sale.

So, we have $90,000 in gains ($120,000 proceeds received at closing).

What should the split be for cash flow, and total profits/sales proceeds?

Thanks!