Need help structuring my deal with 2 private money lenders

[Marci S.]

I'm an experienced flipper and BRRRR investor, doing my first deal with equity partners. Hoping for some advice on how best to structure.

Here are the numbers:

Palm Springs property, will be a high-end Airbnb (after remodel is complete and STR license obtained)

Purchase Price: $2,300,000

Rehab Budget: $150,000 (yes this is low but this one is only cosmetic)

ARV: $3,000,000

Hard money 12 month bridge loan, 80%LTV and 100% construction. I am the only one on the loan.

Cash to close (including all closing costs, fees, and insurance): $415,000

Furnishings Budget: $30,000

I have one investor that is putting in $200K, and one who is putting in $100K. Both of them have done private money loans to me in the past, and now want to move into being equity partners with me. 

I think I have heard it all by now about how to structure this! 

Everything from I should take 50% for being the deal provider, loan holder, construction manager, and rental manager; leaving the other 50% to be divided up according to how much cash each of us has in the deal...

Or - I take a construction management fee of 10%, and an acquisition fee of 2%, and divide the entire 100% of equity among the 3 of us respectively...

Or - I pay them an annual return on their investment (ie an interest rate of 8%), plus a % of the profits (not sure what to base this % on?)

HELP! I have read Raising Private Capital several times, as well as several other BP books. They are all great but I'm struggling to get this deal structured - 

Thanks for any advice!