First Time Investor (with Partner) Questions

[Elias Martinez]

A little background information, since it might be useful:

-23 years old making 50k/year (myself, will be making $60k next June if that is of any use)

-22 years old making $50-60k/year (partner)

-Combined capital/initial investment available = $20k (50% each)

-First time investors looking at the market in California

Questions:

1. My investment partner has the better credit (740+); is there a way where we can apply for the loan with his credit?

2. Would it be possible for us to get a property worth 180-280k? If so, what type of loan would be best for us with a down payment of ~$20k? (we can get an additional $5k if necessary). FHA loans require you to live in the property for a year, so we are trying to avoid that.