Partnering for buy/hold

[Charles DuFour]

Newbie here with a question equity partners. Putting myself in the shows of the partner with the money, I can understand funding a deal for a flip or a brrr and getting my ROI at sale or refi. But I would be leery of funding the project on a buy & hold.

I guess my question would be if there are many potential partners that would want their money tied up for an extended period of time?

How would you go about structuring a deal for a partner of buy/hold?  Would it be a case where you just split the income and the equity at the time of sale with perhaps a buy-out option?