If you can't find an existing multifamily to pencil out try to identify something that you could add an ADU to or a larger single family home you can split into more than one unit using ADU rules.

Diving deeper.. check who’s on their team, how they structure their deals, and whether you’re comfortable with how the profit splits work.

I have one personally and I have found its better to rent the whole property vs. splitting it off and having a separate tenant with a separate lease.

Keep that in mind:)Regarding partnering, have tried it several times and most times it ends with a split.So, if you go forward with partnership, recommend making sure you both agree in writing, on how a split would work.Otherwise, you an both share everything you leanr and help each other out monetarily as needed.

I will split a giant master room into two smaller rooms and will convert the living room to get the additional three rooms.

Don’t hurt your ranking by splitting your property into many baskets… especially those personal websites!!!!

(I am a silent investor, the developer is doing all the heavy lifting, and we split profits at the end)

Make sure everyone knows a cleaning schedule, expectation for common areas, how are you splitting utilities, guest policy, etc. 

Split in 2 lots.  

2nd property, I think I'm leaning towards not partnering as the conventional loan interest advantage doesn't seem worth splitting all the profits.