Fair deal?

[Moshe H.]

I am just starting out and I'm thinking of investing in a property with a friend's private money. I kind of pitched the idea to him to see what he would think. I proposed we split the down payment and closing costs 50/50 in exchange for a 50% stake each in the equity. Since I would be doing all the work and he would just be providing money, I suggested we split the cash flow 25/75.

Now I'm wondering if that sounds fair or if I'm being too greedy? I guess partners can decide whatever they want between themselves, but is there a such thing as "typical" here?