How to share ownership with a conventional mortgage??

[Zander Kempf]

I am wondering how it would be possible to share ownership between two partners on a SFR when purchasing with a conventional loan. Since it's not commercial, a conventional loan cannot be initially setup in the name of an LLC, and technically it would trigger the "due on sale" clause to transfer the title after closing. Is it possible to share ownership via an operating agreement for an LLC while the property title is still in the name on one of the individual members? I am looking to accomplish split ownership from both a legal and tax perspective.

Is this possible or will I have to use a commercial loan?