Deal Structure Using Private Money for House Hacking

[Rachel LeClaire]

My husband and I are looking into different ways to make our next deal happen with little capital. We are interested in house hacking and making our next primary residence be a multifamily that we can fix up along the way while living in one of the units. 

I am curious as to how a private money structure would look like if we did an FHA loan and needed cash for renos? Do the partners ever stick around wanting a portion of the rent or is it mainly structured around the upfront cash? What's in it for them to make this worth their wild?

Thanks in advance for any insight!!