RE Partnership Structure

[Joel O.]

This is for those Real Estate attorneys or people who have experience with my question:

My mother-in-law wants to partner with me on my next deal and wants to be a silent money partner in this deal.

She has no plans on touching or looking at the property, she only wants to receive regular distributions in her account for her investment.

She also does not want to appear on any loan, mortgage, or LLCs. 

She wants to be completely invisible essentially.

I've already spoken to a RE attorney and he says this is over his head and doesnt understand the situation, i currently have scheduled meetings with other attorneys, but would love to hear from the infinite wisdom of my fellow BPers.

How would I structure a LLC and distribute either monthly or quarterly to my mother-in-law?

My original idea was to simply create a partnershup LLC with her as my partner.

If i missed anything out let me know so I can provide that info.