Partnering for maximum cash flow

[Kirk Watkins]

I am in the Midwest and want to invest in local apartment properties and want to maximize cash flow.  One thing I have wondered about is the feasibility of taking in a partner mostly interested in long term appreciation or value add and hold.  Would it make sense to each invest in the down payment and any rehab costs and assign current cash flow to me and the profit at sale to the partner?  Split tax benefits?  Any feedback would be appreciated.  TIA.