Partnership House Hacking Strategy/Market

[Shane Brooks]

Is there an investor market for partnership house hacking property split (explanation below)? Has anyone done something similar and what were the pros/cons of a strategy like that?

Example: The two investors partner together to purchase a small multi-family property (duplex or fourplex) as a 50/50 deal where the doors are "split" so Investor A can have a lower deal entry cost and live cheaply in one unit (with one rental door if in a quad) while Investor B rents out the other half of the property (one or two doors, respectively). The doors are split evenly but allows both investors to get into the deal at half the cost essentially. Investor A could move out in a year and rent out their unit as they move on to the next opportunity.

Investor A - most likely local to the market, flexibility to house hack, boots on the ground resource

Investor B - out of town investor with some capital to invest, financial resource, wanting to reduce risk, etc

Numbers Example: