Buying a MF property with a friend who wants their own place?

[Chandler Miguelgorry]

A good friend of mine has been looking to buy for some time and I just thought of a (potentially) great idea to lower my barrier to entry for purchasing. What if we went in on the place together, and she lived in one unit while I managed and rented out the other? Would you consider that house hacking? I think this would be a long term buy and hold and could potentially help both of us out. I get experience going through the whole process of seeking a deal, fixing it up, purchasing, property management and she gets to live in it and gain some equity along the way. When we decide later on to sell/part ways with it we split 50/50?