Structure for flip partnership?

[Account Closed]

How have others structured 2 person partnerships for flip projects?

If one member provides 100% of the capital and one member GCs and performs all repairs, do you think a 50-50 profit share is fair?

Should the GC partner get compensated for their hourly labor or should they only be paid through profit share?

Or do you think it is better for the financing member to charge a set interest rate and leave more of the potential remaining profit to the GC partner.

I know this will be an"it depends" type of answer- I'm mostly curious to learn about partnership models that others are using and how they've worked out.