Partnering on an Owner/Occupant Buy & Hold

[Tyler Durbin]

This is going to be a good one...

I'm interested in buying a second home for my mother so she can be close to our family as we expect our first child. She has a primary residence in FL and this home will be in OH. The home on it's own is a great fit within in my current buy & hold investment property portfolio - so it makes sense on its own for me. 

I'd really like to do a partnership deal with her so she can have some ownership in it alongside me and I can put less money down (we will do traditional financing). But given she would be an owner and the occupant every traditional partnership scenario I run just doesn't seem to make it mutually beneficial for us. It works out for me if I am 100% owner and rent it to her though. 

Just curious if anyone has done anything like this or has a structure in mind that may work. Not a traditional deal my any means, but something I'd like to do once for her to have a place near my family.