How to best use private investor money so everyone makes money?

[Jeremy Janszen]

I'm a Cleveland-based investor who likes to buy duplexes and single family homes for cash flow (12-15% COC target). My partner and I are picky in that we only select homes that are in decent neighborhoods (C+/B), need less than $4000-5000 in updates to be "renter ready," and project to require little hands-on property management support. We have a few people who would like to invest money into our business and I'm struggling to figure out how to best leverage their money in this model that results in enough profit for everyone's benefit. I'm beginning to think that the only way investor dollars work is if there is rapid growth in home equity that can be shared on top of cash flow (either through BRRR or buying under-performing commercial property or buying in an area experiencing rapid appreciation). I don't estimate Cleveland homes to appreciate more than 2% per year which just doesn't cut it. Therefore, I'm just not finding enough profit in a 5-10 year investment period to make it worth everyone's while. But maybe (hopefully) I'm wrong or missing something...

What's the best way (or best model) to use someone else's $100,000-200,000 (silent, hands-off investor) to make money for us and them in the Cleveland duplex/SFH rental market? I have to believe I'm missing something. Thanks in advance for the advice!