She would be putting all the cash down for the property and I'm a contractor and would take care of all of the rehab work along with finding the house, dealing with real estate agent etc. how can we make it so that it would be 50-50 ownership of the property and all future profit? 

.- PM is a licensed handyman, or has them on staff, and takes care of most unit turn work at a reasonable rate. - PM has no breakup/termination fee- PM does not take project management fees, except on large or complicated CapEx projects exceeding $5,000. 

I still think if you're an investor, you need to run your numbers carefully. 

At the end of the day, 99% of sellers and brokers only care about your surety to close (I leave out 1% that might care about HOW you operate your deals, regardless of price paid).The fact that you have never closed a large transaction AND are not providing all your proof of funds up front and/or talking with brokers about where the money is coming from, will give them some trepidation.  

Timing your next investment is all about balancing risk and financial comfort—trust your instincts and run the numbers carefully.

You have to be a serious individual that takes care business.

With careful planning and consistent effort, you can create a portfolio that aligns with your long-term goals.Good luck!

The compliance on these can be tricky, tread carefully or work with experienced funds.4) Death - Nothing is certain but death and taxes.

Find them at local real estate meetups, but be careful, it's a sketchy business overall.

So be careful