Active versus passive participation dictates how much of your overall expenses/loss you can recognize for a given year. It does not cut the actual rental income in half. Given that you make the decisions for both ("management-driven" decisions) then you would be considered for tax purposes to be an active participant for both.
Active Participation
This level of participation allows a special passive loss rule for rental activities. You may be able to deduct up to $25,000 in passive losses from your rental real estate each year against non-passive income.
Here is a link to some very helpful and useful information with respect to "active participation" rules for your type of situation...
IRS and Active Participation Rules
