How to Buy and Hold with Other People's Money

[Pete Woelfel]

Hi All, 

This is my first post on this forum, if this question belongs elsewhere please let me know.

I'm in the early stages of building a portfolio and would like to start leveraging my experience and bringing my knowledge and hustle to the table while someone else brings the cash, and I have some interested investors.  I'm really struggling with how to structure the deal and would love some thoughts from all of you smart people out there.  

Have any of you done a partnership where you've done all the work and someone else has brought all the cash for a somewhat turnkey buy and hold?   I know I can meet the investors return goals with plenty left over for me while still funding a reserve and , and I know the investor does not want the mortgage in their name which is fine with me because I'm in it for 5-10 years or more.  I'm wondering what people have had success with as far as the length of the agreement (How long does the investor need to keep their money in?) , how contracts have been structured to handle repairs, vacancy, appreciation/depreciation, etc.

Thanks in advance for any thoughts!