Partner is buying house in their name, & I'm doing all the work.

[Robert Abasolo]

Hello BP Fam!

This is my post here and I hope you can help.

I currently have 3 deals in the works with different partners. 

The deal: The partner fronts the 10% downpayment, puts the loan in their name and fronts the cash for the furnishings. In return, I will set-up and run the house as a short-term rental(my specialty). All profits will be paid to the partner until their initial investment is fully repaid. Once they are repaid, all profits will be split 50/50.

My question: Is there a way for us to draw up a contract that makes me a 50% owner, and equally liable for the debt? I can't be on the loan due to a high DTI.

[Robert Abasolo]

lol dudes, let's all take a breath.

I'm trying to be a good partner. I don't just want 50% of the profits, I want 50% ownership and stake in the houses we're buying. These are personal connections, I am not trying to take advantage of anyone here. 

I'm doing all the work until everyone is paid back (roughly a year's time) and obtaining 50% ownership of a house I would be unable to get otherwise. I legitimately don't understand why that would be so jarring.