I don't have the Koch brothers on speed dial.

BackgroundI own a 2 bed, 2 bath condo in Warm Springs, Fremont, CA (near Tesla - Lennar / Toll Brothers construction) that I'm currently renting out (long term). 

According to FHA Guidelines; a family member can be a parent, sister, brother etc….So my question is this: Can I buy a multifamily unit with 3.5% down as long as one of my Family members is living in one of the units?

EVERYONE and their brother has access to MLSNow that we got that out of the way…Many brokers prohibit their salespeople from “wholesaling”.  

I am beyond the two years required.What I am trying to do is find a way to buy a multifamily using FHA 3 1/2% down payment as opposed to 20% or 25% as an investment property.I have a situation where it would be beneficial for me to try and help my mom and my sister move into a place  because I can afford to purchase it… The grey area is whether or not they are considered family members per FHA guidelines to qualify for the 3 1/2% down payment. on the FHA website… It says family members are considered parents, sisters, brothers, etc.I am definitely not trying to do anything illegal, I just thought maybe if I sell my primary residence… I could buy the multiunit per FHA guidelines as long as my mom and my sister are considered family.I have been told that the 12 month or 24 month living requirement only requires one family member to live in the home… So if my mom and my sister are considered family members… Does that meet the requirement? 

I helped a client/brother use one, worked in a seller credit during the inspection period, he ended up getting paid $9,100 at closing since he was putting 0% down.

Lot's in common brother!

@Caleb thanks brother@Caleb@Caleb Reitsundefined

My brother says don’t teach them, let them absorb.  

My brother lived on the East side of NYC, so I know the numbers you're talking about but if you have a real capital partner for that deep of an investment do not let the diff between 10% and 11% stop you.