How to structure an equity split amongst investors?

[Kobe McDaniel]

Hi BP,

A deal that I'm currently working on has the potential of involving 2 separate partners, not including myself. One partner would front cash for renovation, and the other would front the down payment. What are some creative ways of structuring an equity split between the three of us. Thanks

[Chris Seveney]

Quote from @Kobe McDaniel:

Hi BP,

A deal that I'm currently working on has the potential of involving 2 separate partners, not including myself. One partner would front cash for renovation, and the other would front the down payment. What are some creative ways of structuring an equity split between the three of us. Thanks

 This is 100% customized and you can be creative but you need to be fair. For example who gets their $ first if there is not enough? 

Seems like to are money partners, so they should be pari passu. What is the third person doing??