House Hacking with Multiple Investors

[Summer Noyes]

Can this work? There is a unique situation in which there is a 4 unit property for what I consider a large, but reasonable, sum of money in a great area of San Diego. This is in an area expected to have great growth (job and city development wise in the next 3 years) If I can get 4 investors and 1 of them agrees to house hack, how do we split expenses every month? I say expenses, because if one of us house hacks, we can only rent 3 units, which takes us to P&I, property taxes, insurance, Cap Ex, maintenance and vacancy bringing us to even $ with 3 units. Yet, one of us gets the advantage of living there, but I can't think that would be for free. How does this work? Who pays what or gets +cash flow? Thanks in advance. After a year, the 4th unit will make all the difference.