Need help from...Realtor? Laywer? On how to aquire this prop

[Nick K.]

Ill make this as short as possible.....

I have an elder family member who does not want to own a house, she wants to rent from my wife and I as we are trying to grow our portfolio.

I currently do not have enough $$ to just go out and do traditional financing to place her.

However, she was recently approved for an FHA loan. I can afford the 3+-% down for that.

She asked my wife if there was a way for her to buy a house with our help, and ensure that we own the house so she can rent from us.

We want to help her, and we get the asset in the end out of the deal.

My problem currently is that I am studying for my Real Estate License, and I have a bunch of keywords at the forefront and I think I am over complicating it.

So...if she buys the house with the mortgage in her name and just puts us on title thatd suffice?

Should she buy it and immediately sell to us? Its possible I could refinance it into our name, but I am not 100% on that. She does not want to mess with mortgage payments or anything like that.

That part of our family can be ruthless when it comes to someone passing on vs their possessions, so we would be looking to completely remove her name from anything as quickly as possible.

Ideas on options?