So, it isn't a lazy officer situation.

Is there anything I can do as a partner in the deal to help in this situation while still having the loan in his name? 

Now the situation has occurred that we need to rent the house out in order to help pay for his long term care expenses. 

In this type of situation, they want low interest rate with low down payment also.

Looking for feedback from folks who have been in similar situations and have lessons learned or advice, as I am just getting started and this is literally my first post.Wife and I moved out of our first townhouse and rented it out to grow our family 3 years ago.

I'd really appreciate hearing from you if you’ve been in a similar situation or have any insights.

My concern with declining values, increased inventory and a weaker economy would lower rental income and could potentially put me into a negative cash flow situation.

Always good to chat with a CPA or attorney to see what fits your situation!

@Daniel Han -  So there are essentially four parties in this situation. 

But this was an awesome opportunity for me because this is my first living situation where I will be on my own (and getting used to paying a rent/mortgage) but this will put my overall mortgage on a 400k house at roughly $2000 a month for the first year!