Structuring multifamily partnerships

[Michael Fanelli]

Hi everyone! First time poster here. I'm Michael Fanelli, and licensed Realtor with @Mark Ainley at GC Realty. My wife and I are looking to purchase our first multifamily and are trying to figure out what's the best way to structure a partnership for a BRRRR house-hack. Debt partnership? Equity partnership? We feel comfortable we have enough to purchase with a FHA loan, but we're struggling to figure out how to finance the rehab. 203k was a thought, but I've tried to help clients with them and they're always a mess. Open to any recommendations and suggestions that have worked for you all.

Thanks!