2 owners on an owner occupied REO

[Edgar Perez]

Hello BP,

I am interested in purchasing an REO Duplex property that is being offered to first time home buyers first. I am looking to partner with a family member (dad) on the deal and am wondering if we both put our names on the deed, do both of us have to live on the property to be considered owner occupied. In my scenario I would live there and manage the duplex while my dad would be more hands off.

Additionally, my dad typically purchases his properties through his llc; would we still be able to partner using this method?

Thanks all.