Dealing with a Partner

[Brandon Harris]

Hello BP!

Myself and a good friend of mine are new to the Seattle, WA area and are looking to team up and acquire our first property. As we are both new to REI and are both interested, we felt like it would be best to start the journey out together. We would both like to owner-occupy the residence and are stuck between house hacking or find a MFH that we are able to rent out as well.

From people with experience, how do you typically structure deals you have with a partner (i.e. mortgage repayment, title of property, etc.)??