Syndication for first purchase

[Jarred Ross]

I'm practically brand new to investing; my first wholesale deal is in the works, hopefully closign soon.

I cam across a very exciting opportunity; seller has a 7 unit, 5 unit, and 4 unit he's selling for $150,000 to pay off liens and back taxes on some other properties he has. If I buy these from him, he said he would owner finance another 17 single family homes with no money down.

I've been calling lenders all over and I'm getting kind of tired of dealing with them. I have some loan apps in the mix seeing if they get approved, but I've been leaning toward syndication more and more. What would you say if I told you I'm looking to get 5 people to put down $30,000 each for a 10% stake in 2 properties that make $65,000/year combined (total value= 325,000 at the local 20% cap; yearly return of 6500 per person or 22% ROI). I would be keeping 50% for myself and essentially not be putting any money into the transaction. Is this greedy? If so, what kind of numbers should I be asking for?

I would much rather have the passive income that take some kind of a fee for this deal by wholesaling it. I don't know, it seems like I'm hitting a wall over and over with lenders not wanting to go so low and really ripping me for not having a "steady job" since I do this full time. I figured they'd focus more on the fact that the proprieties bring in so much money. 

Any advice is appreciated. WHEN I make this deal happen, I'll triple my income from my old 9-5!