10% down, buying w/ partner?

[Evan Onstot]

Tried searching the forum for this answer... couldn't find exactly what I was looking for.

My business partner and I want to buy our first vacation home property in a neighboring state-- we would stay in it very occasionally, but it's main usage would be as a short term rental.

We would like to take advantage of a vacation home mortgage and 10% down, but are having a difficult time figuring out a way to do that with joint ownership. How can we obtain this type of loan, and still make sure the business is legally attached to both of us so we are each protected?

Your experience and knowledge here will be so helpful. What have you and your partners done in the past?