FHA Loan/House Hacking Question

[Brandon Wulff]

My friend and I want to partner on a four Plex, but because he doesn't have the best credit history, and I do, I was wondering if we were allowed to do this...

I would apply for the FHA Loan and I would put the 3.5% down, my partner would fund the necessary repairs and match the down payment. Would we both be allowed to live in one of the units?

Another question, am I allowed to rent out one of the rooms in the unit that I live in, I.e. get a roommate and charge him rent?