"Advice" on partnering as a silent partner

[Stephen Heebner]

Was hoping to collect some wisdom here on being a silent partner with someone on a RE deal. I would be bringing the down payment (about 30%) but otherwise I would like to be a silent partner. He agrees to this gladly as he would be managing the property and ultimately our goal would be in about 5-7 or so years to refi me out (or whenever it makes sense). The reason for this is, my understanding is I cannot loan a down payment? I would want to be paid monthly as if I were just lending money. Do we just structure a partnership? What would be some options for us? This person and I have done a previous deal together but very different circumstances, so we have full trust in each other. Thank you all!