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Multi home multi owner occupant?

So the thought crossed my mind and I want to get some advice. If three friends and I wanted to purchase a triplex together, utilizing an FHA loan for the 3.5% down payment, what should I be considering?

So the end goal would be that the three of us equally split the down payment. Each of us live in the house and would have a set "rent" to pay. Then the three of us earn an equal share of the profit and liable for an equal share of the expenses.

submitted by /u/palbert6969
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source https://www.reddit.com/r/RealEstate/comments/hhr4bz/multi_home_multi_owner_occupant/
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