FHA Loan Partnership?

[Ryan Monahan]

Hi! I'm a newbie to Bigger Pockets, and have been getting into real estate education over the last 3-months.

I have a question about the requirements of an FHA Loan in terms of a partnership.

The scenario I have in mind outlined below:

1) A partner and myself are interested in getting started investing in the Las Vegas market

2) I currently reside in New Jersey, and my partner resides in Las Vegas

3) We'd like to be able to use an FHA loan to fund a deal in Las Vegas, but we don't know if that is allowed through a partnership

4) The scenario would be that I put down 80% of the loan value (while living in New Jersey), while my partner puts up 20% while living on the property

Has anyone ever experienced or heard about deals like this? 

Let me know your thoughts and thank you!