Short Term Rentals with Partners- How do you structure?

[Corbin Loveless]

I have a few friends and fellow investors that are interested in partnering on short term rental properties, but I don't know how to structure the deal. I'm hoping to get some sound advice on how to structure these deals to protect each partner's ROI and the relationship.

In particular, I'd like to know how to structure a deal where the other partner is fronting the down payment. 

Thanks, 

Corbin Loveless

[Avery Carl]

The most popular method is probably the capital partner + sweat equity partner model. Like @Justin Anderson said, set up the LLC with both of you. One provides the capital and the other provides the management, and you split profits and equity however you determine.