Meeting with Private Lender - Advice Needed!

[Phil Petite]

Hello BP!

I have a meeting tomorrow with a close friend of mine, who has deep pockets, and I'd like to run the idea by him of investing together. I'd love to do some rental deals with him, but I'm unsure of how to structure deals that we do. I'm not sure if I should let my friend put all of cash in for deals, and then I would take a management fee (either yearly or monthly), or if it is better to take an upfront fee.

Any advice would be greatly, greatly appreciated!! Thank you!!