@Pascal Lucien , I'm also new to virtual wholesaling but what I've read and told is the best way to do remote wholesaling is to connect with another wholesaler in the market areas you want to find deals, Do a virtual partner on each deal one guy from Houston said he connected on FB REI group in Chicago and gives his vp a 65/35% net profit split the vp getting 35% for getting things done before the sale in that market !

Or, is it a 50/50 split? 

We are 50-50 partners in the LLC and split all cash flow and equity growth.

When investing in a property using a partner, how do you split the ownership/equity in the property if the other partner provides all the cash while the other partner provides all the knowledge and hustle?

Paid $117k, $10k renovations, $140k appraisal. 30 year fixed conventional loan with a balance of $110k.My business partner just moved in with me but we want to purchase a triplex or quadplex that we can do a live-in remodel and then house hack it.I am going to keep the condo to rent out (estimating $200 cash flow when all said and done) but want to sell half of my equity to my partner so we can manage it together like we will manage the new property together.How does splitting a property work legally if it is already in my name?

I've also found that I can get a higher commission split with a local broker. 

We split everything 50/50 after.Hope that helps.- Tom

@JD Martin, 1.Joe Split mentioned getting them to sign a letter.

Think of it this way ....If I only get to keep 25% of the rents I’m sure as $&@ not going to split that with a company that posts a notice on the door or calls a handyman when I’m the shmuck who paid all the money did all the work and took all the risk to get the property as mine

Buy a large lot, split a few times, build and sell right?