Best way to split deals with partners

[Kristin Drumheller]

We have a four doors currently and two of our friends that are out of state want to partner on our next Airbnb. They would strictly be providing funds. We would do the remainder of the work to find, purchase, and manage the property. What is a fair way to split the deal so everyone is well taken care of? Should everyone bring 33.3% to closing, split equity equally, we charge a management fee (20% seems average), and split profits equally?

Thanks for any insight!