50/50 Partnerships for STRs

[Kyle Smith]

I’m considering going in with an investor on a new cabin. I would help manage the construction and also manage the cabin booking, etc. The other partner will own the cabin and take care of all financial obligations.  

I was considering a 50/50 split once the cabin becomes rentable.  Has anyone here done a 50/50 partnership similar to this?

I’m curious, with the financial investor owning the cabin, what would happen if he/she decides to manage it themselves or get tired of splitting the profits?  I’m sure no financial investor would be willing to tie his asset to a non-owner indefinitely.  What if he feels the cabin isn’t performing as well and wants out?  How would I recoup my invested time, travel expenses, managing construction, setup of airBNB tools, and establishing a solid rental base, etc?

thanks in advance….