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Going in on a house with my dad, what is a fair way to split revenue?

I am going in on a house with my Dad (buying a house to rent out, wont be living there) because I dont have enough saved up to put in a healthy downpayment. What is a fair way for us to go about this? Right now, we agree that he will put in a downpayment that is about 50% of the value, and we will split the mortgage 50/50. What is a fair amount to split the revenue between us and would you recommend starting an LLC for this?

submitted by /u/BiscuitBoi69
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source https://www.reddit.com/r/RealEstate/comments/ehwzeo/going_in_on_a_house_with_my_dad_what_is_a_fair/
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