I’m not interested in being a passive investor and relying on someone else for the sweat equity.

Or a young couple, with sweat equity, who want to make it their forever home.

So while there should be a percentage of equitable contribution, sweat equity also plays a factor.  

1) Smart, successful value adds that would allow you to extract sweat equity.  2) patience to save up the deposit via you income.  

You can cash out refi on the investment property if you plan on adding value(sweat equity), it’ll be tighter to do if you are looking for a turnkey property.all-in-all it’s a great plan to let your primary residence work for you providing you do the proper due diligence on your investment  You're absolutely right!

Lose a tenant in your only house and you sweating until you find your next tenant which will likely lead to a poor decision.

Appreciation, remodeling or sweat equity, monthly cash flow, etc.

If they go down, no sweat, they were inexpensive to start and they make money.

This can be time, knowledge, deals, cash, or sweat equity (willingness to work for free).  

I'm looking for ideas on how to structure a partnership for the following ...Money guy (out of town friend that wants to use his capital and wants to be in it for the long run and cash flow)Contractor (will use his skills, network and dealers to rehab properties - plan to use BRRRR strategy)Me (real estate agent that will use some capital, local RE knowledge & analysis, transaction mgmt)I'm struggling with making it work with different parties bringing capital and others bring sweat equity and some bringing a mix of both.