Partner equity split/structure - BRRRR turned into Airbnb

[Rebekah Brown]

I have an opportunity to partner with someone I trust, who is dependable, does good work, and has all the skills that I do not. He would be doing all the work from finding the deal to doing the rehab. I would be bringing 100% of the finances. After the home is rehabbed, we will refi and turn it into a short term rental property. What is a fair way to split profits?? I am a fan of the work being worth 50% and the financing being worth 50% of the final profits. So we would figure out a fair equity split based on that. BUT if we would then turn the property into an airbnb, how should we structure the split of that income??