I have about 15 years until I retire from my W2 job with a pension.Thanks,David No right or wrong answer to this.

Nothing wrong with your approach but something to keep in mind.

My first property the cash did all come out of my own pocket but going at that model itd take to long to get the second.The second response by Nicole is kind of more what I was trying to get to, I just worded it wrong. 

I could certainly be wrong on all of it. 

@Alex Cardaniuc it's all fine and great - until something goes wrong and you get sued.

If these folks can truly hold for 10 years +, they'll be right but never know that's case by case with investor.But those finance teams are wrong.  

Its tough to give more advice without actual numbers to see the sale proceeds versus the down payments.Nothing wrong with a 50/50 split other than when it comes time to take out your share in cash other than split rents. 

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

Can I tell you how many times in my last flip where I got the wrong faucet, paint, mortar, tile, (the list goes on...)

Who is doing the ARV evaluation because I have seen a lot of examples over the last 3 years when a new investor looks to buy a property and ends up having the wrong ARV or sale value.