For example, I closed on a property in Bakersfield Ca that should be hitting an 18% COC return, but I had to put a lot of sweat equity into that deal.

While doing that fix it up with some sweat equity, creating that forced appreciation, and buy your next.

Don't put a dollar into any of your deals, just your experience and sweat equity. 

So I want to use my knowledge to get sweat equity was my plan

Full Value Creation - Everything I "create", I "keep" - no sweating for the CEO's bank account.2.

Do your magic touches to it and add sweat equity.  

Lots and lots of work and sweat.  

I am a sweat equity guy so I can do a lot of work myself.

Direct mail will cost a little bit of money, but if you do a lot of the work yourself, it is mainly sweat equity. 

The profit should be split based upon whatever agreement the two of you come up with.It would be unfair for you to put in the majority of sweat equity as well as the training involved to have a 50% profit split.