Rehab work for equity?

[Tomas Janusas]

I am a licensed contractor and I enjoy working on houses.

Recently I found a partner who would provide a down payment to purchase the investment properties, and I do all the rehab work in exchange for equity.

I find deals, mostly mid size SFR, do the rehab, maint., and management. Partner provides cash down payment for the investment.

What would be the right partnership structure? How much equity would you give away for either side of the deal?