joint ownership? house hacking

[Marsha Kay Owen]

Hello,

     I have a question about house hacking.  I have a daughter who doesn't have a lot of money for real estate.  She tried to qualify for a loan a year or two ago and could get about $150,000.  We were trying to figure out how we could work with her so that we could be joint owners.  If she defaulted on her payments we would assume the property or something like that.  We would get a house hackable property so that the rent would pay all or most of the mortgage.  We did se the webinar and have been discussing this possibility for a few days.  Thanks!