How have you seen great private money partnerships structured?

[Caleb Howard]

I want to get into a deal with a partner but want to make sure it's fair on both sides. How have you seen successful partnerships done before? 

Where I'm at now: I will bring/find the deal, work with contractors, market it, list it, maintain it, and manage the property. I am also willing to put down $10K of my own money. My hope is to find a partner (I think i have one already) willing to put money down for a down payment, closing costs, and furnishings. 

My concerns: I don't want to insult my potential partner but want to make it beneficial for both sides. 

Any advice would be helpful. Thanks!

Additional info if it matters: I have an excellent credit score. 

[Chris Seveney]

@Caleb Howard

The easiest way is to charge a management fee per project and then split profits based on investment amount. So if they put in $30k and you put in $10k you get 25% profit and they get $75k but you get a finders fee and management fee.

Separate the work from the investment.