Fair Split on Joint Venture

[Joshua Cayton]

Here's my deal. I'm buying my first house with intent to house hack and accelerate my savings. I realized I knew someone who had done some real estate investing, so I called and asked what he thought of the deal. He said it was good, and was excited to hear I was getting into the game. He also told me that if I could find a 1% rule rental property, fix it up, and manage it, he'd get me the money to pay for it outright. Nice.

So I would provide all the labor, and his posse would provide all the funds. What would be the split here for cash flow and equity?