ken_b - 11:23 pm on Jul 12, 2013 (gmt 0)
You probably can't comfortably save this deal. One, if not both of you will probably feel "taken advantage of", even if you come to an apparently happy arrangement to continue together.
At this it sounds like your "partner" thinks he is ready to run the site on his own.
So let him.
Tell him you're glad you could help him get the site up and running and wish him well in the future.
Then move on to your own projects.
Half of $1,000.00 a month is not worth it.
Let him have it all, and let him do it all.
IF there is a "next time", with anyone get it in writing BEFORE you start!