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(Alabama) Buying a house with a family member who is a stay-at-home-mom, want her on the title but not her boyfriend

I live in California. My cousin wants to buy a house that is very close to some of the rest of our family in Alabama (her parents and sister). She's a stay at home mom with 2 kids with her long term boyfriend. The house is currently priced at $280,000.

I have good income and credit score - not good enough income to buy a house in my HCOL city (technically, I could afford it, but renting and investing the difference comes out WAY ahead of buying) but enough that I could afford a $2000/mo mortgage payment on top of my existing expenses. $3000/mo if necessary but that's more of a stretch than I'd like. She has no income or credit score.

My vague idea is that I could get the mortgage on the house, and have her do a kind of rent to own? With her boyfriend's money of course. Eventually I'd like her and I to share equity in the house, with an option for her to buy me out. I don't want the boyfriend to have any claim on the house unless they get married, and maybe not even then.

I don't think I can add anyone to the title until I've paid off the mortgage, right? Would I have to buy it as an investment property and have her pay me rent until the mortgage is paid off?

Her parents (my aunt and uncle) also have good credit and HAD a good income until the government shutdown, and presumably will have a good income again once it's resolved. They may be willing to pitch in somehow.

I haven't brought this idea up to anyone involved, just exploring if it's remotely feasible. Boyfriend may nix the idea, even if the payment ends up being lower than their current rent, due to pride or whatever. I don't know him really well.

submitted by /u/Flying_Fortress_8743
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source https://www.reddit.com/r/RealEstate/comments/1ov1b19/alabama_buying_a_house_with_a_family_member_who/
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