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.

Thank you for your friendship.

That’s very nice of your friend to offer that, but if you value your friendship, make damn sure you know how to keep your friends money safe first before you borrow it, and that takes a lot of due diligence and knowledge of both your target market and your specific strategy.