Partnership structure where one party lives in the property?

[Dan A.]

My partner and I are looking into a 4-unit property where one party would actually live in one of the units in order to get better financing and a lower down payment. Has anyone seen or done this type of deal before? I'm not sure what makes the most sense in terms of how this type of partnership would be structured, or if this is not really an arrangement that lends itself well to a joint deal. Would appreciate any thoughts and perspectives, and especially an example if someone has done this successfully before (or can point to an example of someone who has). 

Thanks, DA