1. You get someone else to use his/her credit to buy this home;
2. You take on the responsibility for the home - finding tenants, creating rental agreements, collecting deposits, rents, other appropriate fees, maintaining the property, etc;
3. You manage all the details, making sure the investor's interest is protected...
What's wrong with this picture? You have no interest in the property and while you might be able to effect an agreement to handle all this for your investor, you would not profit, unless he/she was agreeing to pay you for your services. This creates a fiduciary responsibility and one you might not want to accept with no ownership or compensation. I don't see this scenario working out well unless I am in error and some other picture applies.