Can you sell equity to fund a VERY unique deal without rent?

[Chad Maghielse]

Hi everyone, this may be (definitely is) a very strange question.... background: I'm a moderately experienced real estate investor (I own 9 single family homes and part of a mobile home park) 

I've come across a VERY unique property that I would love to buy as my primary residence, but frankly it's out of my price range.  It costs around 2 million to purchase and needs a couple hundred thousand to renovate....  However, it apparently cost 10 million to build back in the day, and it apparently couldn't be built for less than 15 million today, and would likely appreciate a lot after the renovations. 

I know this is outside the box, but is it possible to raise investor funding on a primary residence?  There would not be any short term cashflow rental income since I would be living there, but investors would participate in future appreciation after renovation at the time of a future sale (or future cash out refinance if I stayed in the property) as that upside could be substantial. 

Again, I'm fully aware this is strange, I'm just trying to be creative and find out if this is even possible?  I've personally invested heavily in an equity ownership stake in some ecommerce businesses that are just being created, and I'll only be paid years later once those businesses sell (either the whole business or part of the business), so I don't see why a similar investment model couldn't be followed in real estate....it just seems like such an outside the box idea so I'm wondering if anyone more experienced has seen or done something like this? 

Thanks everyone

Chad