FHA Mortgage with a Partner

[Andrew Emery]

Hey everyone,

I am very new to real estate investing, and in fact haven't yet graduated from college. However, upon graduation I hope to acquire a duplex using an FHA mortgage and rent out the other unit. My question: is it possible to obtain an FHA mortgage with a friend, where he and I would live in one of the units, splitting the cost of the mortgage, while tenants pay to rent the other unit? Is this type of partnership impossible with FHA? Would forming an LLC alleviate any issues regarding this? Any help is appreciated, thanks