Money Partner Arrangement

[Mark Tanner]

If I were to partner with someone on a cash buy of a rental property, and they provided all the up front capital (purchase price and renovation), I did all the work (finding, managing, etc.), and they wanted to participate in the equity and cash flows, what would be an appropriate split?

I ask because @Brandon Turner has talked about doing a 50/50 split when the money partner pays only the down payment and puts the mortgage in his/her name. If the money partner pays 100% on a cash buy, should they get more than 50%? 70/30?

Or is there another arrangement that would be better than a split?

Thanks!

Mark