STR - Money Partner, how would you structure the deal?

[Josh M.]

Situation: I'm a first time STR buyer. This would be my first RE investment. I have a person who will pay the down payment on an STR.

Goal: To own the property and exit the money partner from the deal once they've received their ROI.

Questions:

1. Do money partners typically leave the deal once they receive a certain ROI?
2. If not, do they typically remain partners in the investment?
3. How would you structure deals like this? I'm guessing this person will want to keep doing deals so long as their money is secure and they are getting the ROI they are looking for?
4. Regarding paying them back, do you pay them after you set aside taxes, CapEx, Cash Reserves, and Revenue(to pay mortgage, cleaning, other expenses, etc.)

Thank you for your help.

JM