Co-sign with the family business (first property)

[Alberto Foglietta]

Looking to purchase a multifamily home (2 to 4 units) in Montreal, Canada to househack. My parents own a small business and they would like to invest with me, can a business co-sign the mortgage and be co-owner with an individual?

Also, would we be allowed to purchase the home with less than 20% down? (since it would be owner occupied).

One way I see it, we could set up and LLC and the business and myself would have a stake in it, but I feel like this is overkill with just one small property and would probably eat a lot of the cashflows (from an already tight market) from the related expenses.

Thanks,

AF