How do I split the profits when I raise money and manage the property?

[Toben B.]

Hello, 

I have a $2 million deal for 34 units that is roughly a  9 cap with upside if I bring the rents up to market.

I need about $400K and some reserves to close the deal but I only have $100K line of credit.  

I think I can find people who will invest to come up with the rest, but how do we split the profits? I have 10 years of real estate experience as a landlord and the investors have no real experience. 

As I found the deal and will manage everything, I should get more than 25% even if I only put in that much money.  Should I hold my money back as the reserve fund and try to raise all the money and ask to split the profit 50/50? 

What is typical? How are other deals structured? 

Does anyone have a sample in writing I could look at?

Thanks in advance!