Buying a property with a equity partner & one of us living there

[George Cecil]

Hi all,

My friend and I are looking to buy a 3-4plex (split the equity 50/50) and hoping we would be able to get owner-occupied financing if one of us lives in one of the units.  Is this a possibility or will we have to finance it as an investment property?  Also looking for suggestions on the best way to structure our ownership of the property.  I've looked in several places and found possible options, the best being Tenant in Common or buy and eventually quit claim into an llc.  Finally, what would be the best way to go about obtaining a loan, separately or consigning? Any help would be very appreciated as I have not been able to find anything online.