will feel the simple 50/50 split is not fair.If the agreement recognizes some form of reward based on the individuals contribution, there is at least a chance that these feelings can be avoided.When conteplating any partnership, just be sure to consider all the possibilities up front.

There is a scale for risk and reward. 

At 61 this is a problem that we have to address.It's easy to set goals and buy properties throughout ones career,it's exciting ,rewarding and a great feeling to have.But after 20 or more years,that's who you are..a property buyer.You wake up one morning and it's time to change gears and do what you purchased them for in the beginning,Retire with a comfortable income.

The risk / reward trade off of saving the money by not hiring an expert do not seem worth it to me. 

But if you're willing to take on more risk in exchange for greater potential rewards, equity is the better option.

We balance each other out as I'm "high risk high reward" and He's the more conservative of the two. 

I find it challenging and rewarding.

You can't use virtual/pbx numbers to verify most accounts, so you actually have to drop a few bucks..In case you're wondering, I have no affiliation/reward with any of these companies and just wanted to share a tip that may come in handy if you're trying to build a business on a shoe-string budget in your early days. 

A little more than a REIT requires, but a lot more fun, and you are in much more control of the risks and rewards.

You will need to find the area where risk and reward are acceptable for you.