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)