Joint Mortgage Loan - Income Lapse

[Michael Burke]

Here's the situation: I'm looking at investing in a multi-family property with a friend of mine. My friend quit his job a few months ago to change careers, and is starting a new role in January. He's been out of work for about 5 months now. I'm currently in the process of getting pre-approved for a loan and shouldn't have any issues. The question is, since my friend has had a lapse in income, is there any way we can go in on a loan together? Please advise.