Partnership structure help

[Patrick Smith]

I need help and insights from anyone who has had a partnership where the goal was to be 50/50 on a buy and hold rental property. The property is a duplex that will cash flow $212 each month. There will be $5,000 in equity at 85% LTV at closing.

My scenario is as follows:

- I will put in the cash to make the deal happen = $30,500

- Partner will take out a conventional mortgage to finance the balance. 

I have considered a couple ways of how to get my money back, but I want insights from you.  So the question is,  how do I get my money back?  (Bad deal is also an acceptable answer) 

[Patrick Smith]

Thank you for the response. $212 total, yes, but this is using high CapEx and Repair percentages at 40% combined. I got to 40% by using a very detailed calculation based of how old some repairs are. I feel incredibly confident about the 40%, even though I know most people don't budget that high.

It won't BRRRR enough for me to get the money back out right away and that's why it's not making a lot of sense to partner up for this. That is why I am wondering what people think? Thanks again for your response.