What is considered standard partnership deal?

[Jimmy Hong]

Hello fellow members,

I am fortunate to have family and friends that want to invest in my future rehab projects here in OC. What type of equity (profit sharing) partnership is considered normal standard in our industry?

Please exclude debt partnership percentage and HML.

Lets say I put in 50% and the other party invests 50%, but I do all the work, (find the deal, rehab, use my general contractor, my realtor, etc). My partner would be a complete silent partner.

Thanks in advance.