Non owner-occupied FHA takeover?

[Cody Steck]

I came across a duplex that has good numbers and looks like a deal. Seller is asking 175k and has about 152k left on the mortgage. They said they would be willing to carry back the difference if you took over the loan. I then found out that the loan is an FHA which nullifies the chances of assuming the loan because you have to owner occupy (as far as I understand).

The seller said they spoke to another investor which already has 10 properties and wanted to do a 'subject to' deal and pay the mortgage through a third party? Is there a way to do this? I guess it is possible this owner could occupy it but I highly doubt it.

Any creative ways out there to get around this that I am not thinking about?