Partnership Structure Question

[Chris Fuhry]

I currently am working with a potential partner on an off market deal.  The situation is this:

I have the cash to do a deal and put down for down payment, reno, etc. My partner comes to the table with no cash, however he has the skill to do all the required work to fix the place up, and he would be the property manager as well. He has way more experience then I do and lives in the neighborhood. Ultimately I'd ONLY be the cash guy, while he does all the repair, management, etc. We plan to buy around 70K, put 30K into it, and have an ARV of around $120K. We would put in a renter for around $1000 a month and I'd carry a loan of $350 - $400 per month. My question is how do we determine the ownership stake? I can't imagine 50-50 being fair if he comes with no money, but in the experience of the BP Group, what would a fair equity share be? Is 75-25 to me fair or too aggressive? Thanks!