Investors expect a pref?

[Mario Lopez]

For those of you are are either flipping a property on a purchasing a long term rental and solely use investor capital, do you offer your investor a preferred return? I'm curious if investors in these sized deals appreciate enough that you are putting in sweat equity that they do not expect a pref.

If you don't contribute any of your own capital, is there a generally accepted equity split that you have found desirable to your investors?