Least risk to a financial contributing partner

[Travis Evenson]

I am looking to purchase a Fourplex but my debt to income is too high to secure a loan. I was looking to bring in my father-in-law to assist in securing the deal. I have $60K cash I can work with which would cover a down payment. Any suggestions on how to set this up to where I could present the least amount of risk to my father-in-law? Do we take out a loan jointly? Do we create a S-Corp to purchase through? Is there a way for me to still secure a loan in my name and have him be a cosigner? Any suggestions on what route to take?