There are lenders that specialize in ARV build to flip deals and I'd hate to see you lose a friendship over the many potential problems.

I think the biggest value is the networking and friendship that u will find here.

I'm trying to build relationship and friendship with other investor's with my same passion for real estate

If you plan to go ahead, then spend a few hundred dollars with a good attorney to draw-up a partnership/shareholders agreement {depending if you elect to use a partnership or LLC} which defines the obligations & expectations of the partnership and specifies what happens at dissolution and how the process shall occur {all partnerships end}.If you can get the property based solely on your credit, then perhaps your "partner" signs a long-term lease with the company (LLC, partnership) and, if allowed under Minnesota law) pays 1-3 years rent up-front (your missing piece of the downpayment).Creativeness aside, this smells like trouble and your desire to help your friend could lead to making a poor purchase and a bumpy ride for the friendship.

I have had bad experiences mixing friendship and living arrangements so I truly wish you the best! 

My JaxREIA Membership Dues for 2019-20 continue to be a $95 BARGAIN for what I gained by belonging ....... knowledge-wise AND friendship-wise.   

I hope I get a chance to get to know you and work with you and build  valuable, long lasting friendships.

@Ree Rolle I believe you will have the best chance of success if you genuinely like the person and build a friendship first and then you can talk about business afterwards.

I welcome all input and hope to build mutually beneficial  friendships with Biggerpocket's members.

Again, I came up with the numbers because I wanted to leave friendship aside.