Want to know if this deal would be worth my time

[Kurt Heise]

I have a friend who is eligible for a FHA loan, and interested in buying a light( only minor mostly cosmetic repairs, paint etc.) fixer upper to eventually rent out. This friend wants to parter up on a rental home. Problem is he just doesn't make that much money so it couldn't be a partnership with a solid financial split. I already have 2 loans and probably would have a hard time getting a third, however I could easily finance his down payment and the work needed. Is there any way I can benefit from this situation, or would it end up being more trouble than it's worth.