Advice on partnership?

[Steve Arnold]

Two long time friends, trying to learn the RE business. One lives in California (he can't find a deal that will cash flow there), another lives in flyover country, where the market is much less expensive. 

The Cali guy has some money to invest, the flyover guy has knowledge of the local market where he lives.

The two are interested in partnering. They both want to learn the biz. If they partner up, the division would be that the Cali guy puts up the down payment money, the flyover guy would be the hands on side of things as they would purchase a property in the flyover guy's area.

What would be a reasonable way to distribute ownership between those two? Is it reasonable to consider that a 50/50 arrangement? 75/25? 90/10? 

We really don't know, but we'd be interested in advice from this group.

Thanks in advance.