Fannie Mae REO - Hacking with my daughter

[Bernie Huckestein]

I have identified a solid 4-plex opportunity but it needs to have an owner occupant...my question/situation:

My daughter is employed new but good credit; however, her income ratios / expense ratios would not qualify her. Is there a way for her to be on title and she would occupy with me as co-owner / co-borrower and still take advantage of the FHA buyer program. Jointly we would be fine on ratios but my mortgage broker is indicating this is a problem and I would have to do conventional finance with 25% down,

1) this is a lot of money  --  it still seems the return would work but that is too much $ to tie up

2) if we put the 25% down I would be the primary which given this is a "first-look" property I don't think that will fly

Appreciate any insight --  perhaps I need a different mortgage broker?  How can I get us to qualify under the first look while also making sure she gets approved as such.

Thanks, b