Partnering on multifamily househack

[Justin Campbell]

Recently introduced a family friend to bigger pockets. I gave their daughter (22 YO recent graduate) a copy of BP rental property investing. She read it in a week! She's now interested in househacking. I am contemplating a partnership please let me know your thoughts.

My current situation will not allow me to move frequently but we make a good income. I'm thinking of structuring a partnership with her where I find the down payment 3.5% and rehab, she acts as the primary occupant and guarantor. We would start with an sfr or duplex, after one year put a tenant in her start the process again. The details will be more intricate but this is my initial thought.

Open to feedback.