FHA Kiddie Loan Program for First Time Home Buyers?

[Tyler Sample]

I am a relatively young realtor in San Marcos, Texas and have been reading up on the FHA Kiddie Loan Program. To my understanding you can put down as low as 3% and it involves a parent/guardian co-signing on a home in order to build credit. Just for the sake of argument, I have excellent credit. However, this caught my interest because I am not in a position financially to buy a home and am very interested in investing in the next 2 years, especially near a college town. How would I go about convincing my parents to buy a home with me and treat it as an investment? I have at least 4 friends looking to rent a home next fall (2017) and feel this is very ideal.