How do you structure your partnerships?

[Samuel Young]

Hi all! I am getting started and I am going to have a partner, I am curious how you all structure your partnerships. I am in the Austin/San Antonio area.

My partner will be out of state but will be helping me search for deals. I will be on site searching for deals and touring them as need be. We will be splitting the financing 50/50 and will have a property manager so in my mind we should split the deal 50/50.

A few more follow up questions:

- Does 50/50 make sense for the above partnership?

 - What if only one of us is searching for the deals? How much equity is that worth?

 - Do you have any odd partnerships? Tell me about them in the comments!