Clarification on acceptable equity partnership offering

[Cara Kennedy]

Good morning BP,

I'm new here and new to real estate investing and eager to start my first deal before the end of this year. Having picked a direction that I'd like to start - multi-family home, northwest metro Detroit area -  I'm interested in finding a partner to work with. I'd like to offer equity in a deal, however my strategy for investing will generally be buy and hold. Can offering equity in a deal like this, with a partner more experienced than myself, include the cash flow/cash on cash return? Or are equity offerings generally for cash returns upon selling?

Thanks for reading and have a great day!