Can I partner with an accredited investor?

[Nick Ruffini]

I know that a lot (see: most) funds require investors to be accredited (which I'm not) but I have a close friend who is and we're both interested in investing in multi-family units. 

My question: Is he able to go out and invest as an accredited investor but use money that both he and I put together into our own real estate investing company. We'd have our own ownership/profit sharing agreements in place for whatever properties our company invests is.