Partnership Structure Recommendation Needed

[Timothy Solomon]

Hi! I am in need of a partnership structure that will work for my situation. I will be the financial backer using my liquidity to secure financing on projects and my partner will be the boots on the ground/operations person. Her duties will be finding the deals, overseeing the renovations, doing the property management (in the beginning and then ultimately overseeing the property management team). My partner doesn't have any cash so the equity would be "sweat" equity. 

My business plan is to start with small multifamily (duplex, etc) and eventually build this into a larger portfolio of large apartment complexes (25+units). Either selling the properties and using the profits to buy larger properties or just using my personal cash to buy bigger and bigger properties as I get more comfortable. I am personally looking for the long-term pay-out and don't need the monthly/yearly cash. My prospective partner is looking mostly for monthly/yearly cash and a smaller portion of the "exit" in the end.  

Is this the best option for me or should I just hire an employee and I own 100% of everything?