Owner Occupied + Investor?

[Chris S.]

Hi all,

Long time lurker and first time poster. I have a finance scenario and am trying to figure out the best way to go about it.

My Question: 

I have a family member that's in need of housing and I'm in search of an investment. We're looking at Duplex options, so one unit would be occupied by a non associated renter.

I know I can just buy the property (20-25% down) or they could buy it (3.5% down FHA) - if we buy it as a partnership (50/50), would it be considered investment or owner occupied? (Since I would be just an investor and they would be owner occupied)

Thank you in advance for your thoughts.