I'm your cash-heavy friend: Pitch me

[Chase Hoover]

You have an extended family member, friend, or other connection that has some cash in the bank.  They have mentioned wanting to invest in something besides the stock market, but have no experience or desire to actively control real estate.  They know you are a real estate investor and they have shown interest in investing in one of your projects.

What sort of investment would you pitch them on, and how would you clearly explain how they make a return on their investment?