Mom Credit Partner (title details)

[Michael Combrink]

do I need to be on the title to depreciate income?

i was thinking of asking my mom to be a credit partner

she signs for the mortgage,

i do everything else, money down, monthly payments, fees, taxes, insurance,  management, repairs, improvements, etc

could we get a residential owner occupied mortgage if she's the only one on the title and she's not living there but me an immediate relative is? would it work if i'm living there and on the title but she isn't? (does everyone on the title have to live there for owner occupied mortgages?

i was thinking to maximize my credit, d2i, i could stay off the mortgage, but if i'm handling rent collection should i set it up so that i'm basically working for her, in order to depreciate income from the property?

also do i need to make an llc in her name if she's the only one on the title and mortgage?

also what's a good way to structure the deal fairly, i think my mom would be ok signing to help me get approved, but she doesn't like dealing with tons of biz stuff, kinda gives her ptsd, i'd like to be fair, just not sure what that is, for i guess a silent credit partner, no cash, no decisions/input/expertise/etc, 

the property is $250k in a college town, currently 3 bed 1 bath, 1k sqft, that's almost rent ready, some paint/patching, there's a large detached garage that i was going to stay in while turning it into a second rentable unit

i was thinking some kind of buy out option, that basically the house is hers and i'm managing the property, but i have an option to buy for a percentage of the purchase price, and i would pay rent until i can exercise the option,

eg

she gets like %10 purchase price $25k for signing, i pay the mortgage from day one, once enough in equity is built up (25% for investment prop loan(so i can count the tenant contract income against d2i)+10% for her+whatever else is needed) then I refinance/transfer/buy the house, paying her the $25k

or maybe in addition to a flat number i could include payments like $100-$300 a month on top of the mortgage directly to her until i buy the house personally

not sure how crazy this sounds, any advice would be great