Partnership split help

[Steven Catudal]

Hi all,

I am looking to partner with a friend of mine to purchase some rental properties. I will be funding the deals and he will be finding the  properties, diligencing, and then managing the properties. What does the partnership split usually look like in these situations? 

Thanks!

[Nicholas L.]

@Steven Catudal

i don't understand the value that he is bringing... those are all just items you can pay a professional for.  so what's the "partnership"?

i have people in my network who find deals; they get paid if I buy them; i diligence them; and then my PMs manage them.

i didn't look at your profile, but do you already own rentals?  how much experience do you have?