House Hack Partner Strategies

[Nick Thurston]

There may be other discussions about this but I can't seem to find any that fit my exact situation.

I want to do a house hack but have one major set back... I'm self employed and write off a lot of my income so I'm having a hard time getting financing. I make decent enough money to get into something with a 3.5% FHA loan but I just can't get the approval.

My initial thought is to partner with someone in the sense that I'll bring the down payment and they just cosign then we split everything 50/50. Is that reasonable?

Any other thoughts? 

Maybe if anyone knows another way I could get financing without needing 20-30% down?

Thanks in advance!