House hack with Brother

[Nic Zangre]

First time poster and investor! My brother is sick of renting and I want to help him buy his first home-- ultimately, we want to flip or rent after 1-3 yrs. Seems like a good opportunity for our first project.

How do we structure the deal so it's a win/win? I am putting money down and covering rehab, he will pay mortgage (with a roommate), oversee subcontractors and maintenance.

Ex) for a $500k 2br  I want to put down $30k and $50k rehab. 20yr mortgage with $3k/month due each month he'd split with a roommate.

He pays half mortgage but gets a place to live. I can't afford the deal without him being a primary resident.. there's got to be a good structure that's attractive for us both! Thoughts?? Thank you for your ideas and feedback :).

--Nic