setting up a partnership for a deal i have found

[Matthew Johnson]

I have a deal i have brought to a potential partner who would be providing the funding. During the initial purchase and rehab, we would still be using a hard money lender as he does not have the capital available to buy the property outright and cover the funding of the repairs. his initial investment on the property would only be around $7500. After refinancing and putting the deal into a conventional loan, the property would be cashflow positive around $180 per month and he would be able to get his money back out of the deal completely. We would both then have $0 in the deal after refinancing. My question is what percentage equity is fair in a deal like this? all he is doing is bringing the funding then getting all of his money back out a few months later. How would you recommend structuring this deal in a partnership?