So him putting up the cash constitutes a reward of 50% of the NET income, and my accepting all of the liability and also doing all of the work and management for the property (although minimal since we bought turnkeys) constitutes the other 50%.Further Points to ConsiderIf you aren’t convinced this is a balanced enough split (money vs. risk split), here are some further points to consider with regard to why this may be an enticing deal for the money partner:What if someone doesn’t qualify for a mortgage but they have cash they want to invest?

There's a lot of opportunity in Detroit, but it's high risk, high reward.

It can be a very rewarding career and you will probably see many opportunities over time to become an investor yourself.If you are planning to become a full time agent, most of the super successful agents concentrate on working with property owners and getting listings.

He buys big because the rewards are bigger.  

Even when I give them responses to these questions such as:"I know it's not easy, but if you don't take a risk, there is no reward""Well I plan on thoroughly screening my tenants to mitigate the risk""I will evict the tenant if they don't pay by following the processes set forth by local legislation" "I plan on having multiple exit strategies"It doesn't matter what you say to the nay-sayers, they still think you're crazy for even trying to get into it and that failure is a certainty. 

I just do not think the risk is worth the reward. 2.

Each investor has separate criteria, which, in my opinion is dependent on their risk/reward. 

After you get through your flips, or even at year end, I'd look back on all your projects and evaluate which ones you enjoyed the most, which gave you the highest emotional reward, and which was the most profitable in terms of time spent on the projects.

I find RE very rewarding in so many ways.

The world of Real Estate Investing can be pretty intimidating but with a little patience and hard work it can be extremely rewarding.