Financing with investor

[Marko Liberty]

Hi there biggerpockets community!

first post incoming :) 

I will start this year with househacking(renting one apartment in my house) and i plan on buying another house for short-term renting by the end of the year. 

So my question for the further future, there is a friend of mine who wants to invest in real estate, he will give all the money. Me on the otherhand, will find the land, build some smaller houses for short-term renting, organise everything and do all the work and rent it at the end. We will split the profit 50/50, but how we are going to split the ownership of the property? Will he be the owner? How long do we keep splitting the profit? Will we both own the land, like 50/50? What are the usual methods in such cases. 

I have listened to the bigger pocket podcast and heard about buying with investors, keeping the property, renting it and splitting the profit but iam not sure how to handle the ownership.

Yes i did search the forum but i couldn't find anything, if there is something pleas send me a link.

thank you and wish me luck.

ps iam living in Europe (Croatia), couldn't find anything similar to bigger pockets here.

Marko