It is not a co-op, just a standard condo in the suburbs.  

My husband and I are wanting to get a multi-family and are thinking a great way to get my brother involved is the following: My brother would get an FHA loan for a triplex or 4-plex in FloridaI would put the 3.5% down payment as a co-borrowerMy brother and his fiancé would live in one of the units for a few years rent free so they can save money for a houseMy brother would manage the property by showing units, cleaning them when someone moves out, and as much maintenance as he can handle on his ownI would handle the finances paying the mortgage using the cash flow and keep the profits since my brother is living rent freeMy brother would move out eventually (2 or 3 years later) and we would refinance into a regular mortgage so that he can get another FHA loanWe would begin splitting all profits 50/50 once he moves outMy question is, has anyone reading this done this before?

A short history of me...I became seriously interested in REI two years ago when a co-worker was telling me about his adventures in REI.

As a Co-host I manage the listing, pricing and guest experience for 20% of fees.

He said to get a co-signer but I'd rather not get my parents involved. 

I know this is a different scenario but I’d recommend requiring a double deposit and try to get a co-signer if possible.

Also, can you partner with someone with experience or even just a co signer?

I have a co-worker coaching me along with this.

The owner is out of state and can't sell for legal reasons with a co-owner on the title.

I’ve heard the down payment for an owner occupant can be extremely low, but would I need a parent to be a co-signer?