Structuring deals - the doer and the money person

[Nina Ibrahimbegovic]

I found a guy who has no experience in real estate but has money.

I’d like to partner with him. I would do all the work and he would put the money. I know how this is done for flips, but how is this done with buy and hold rentals?

I wouldn’t even know where to start. Any books on this subject or articles? If he puts all the money do I get a certain percentage of the equity ? What’s a fair amount if I am not putting any of my own money? What’s a fair amount if I put money up for repairs? Anyone have any contracts that they could share with me?