The idea of partnerships never crossed my mind.

PLEASE give me some advice- what do you think is a fair split among these partners?  Any other obvious details to consider?:
Partner 1-
Providing all the money ($300k-ish). Will be active in searching for deals, aes...

@Marquay EdmondsonI read through your other posts and you mentioned wanting to partner up.This post mentioned having a rental property outside of the state where you live in.You likely want to work with a CPA who understands partnership taxation, multi-state taxation and real estate taxation. 

The partnership will be 50/50, with me actually contributing the needed capital.

@Erez Friedlander @Leopoldo Vazquez The tax issues are generally the same with a partnership LLC with a friend as partner or a spouse as partner. 

This should all be documented in the partnership operating agreement!

I'm trying to put together investor information for two people who have expressed an interest in investing with me. They have more money. I have more time and expertise. However, I've never presented information about...

Me and my father in law are going to a partnership in the flipping business we both are going to use a heloc loan one is going to pay for the property and the other is going to pay for the rehab , he is a carpenter and I worked in the paint/remodeling business before we are hoping 2021 brings good business.

VA or partnership??

They have a good selection of JV and partnership documents that you can customize and print for a fee.