Private Deal - no down-payment - Rent to own, Agreement for sale?

[Travis Hewlett]

Hello BP,

I live in Calgary, Alberta, Canada, and the other day when I was pulling away from my house, my neighbor handed me a letter through the window of my truck. They knew we do some real estate investing and asked if we could help them with an approximate value of their house, or if we'd like to buy it from them. They also have a few rental properties in a city, which is a few hours away and they would like to move closer to those rentals and out of Calgary. I am in the midst of a couple deals other deals and don't have any capital available to purchase their house. The property is  single family home with a 2 bedroom basement suite, that they have been listing on AirBNB. They don't need the capital for a downpayment on their new property. I am currently waiting for the mortgage details as well as their AirBNB rental information ie; vacancy, returns, etc.

I would like to try and structure the deal without having to put any capital into it as either seller financed, lease to own, or agreement for sale. If they are willing to sell it fully furnished, we would plan on listing the 3 bedroom main floor and the 2 bedroom basement suite on AirBNB. I could then do some cosmetic upgrades to the exterior, legalize the basement suite, and build a triple car garage raise the value and then put a mortgage on the property, over a 1-3 year timespan and then fully pay them out. If anyone has any ides of how to structure this deal, it would be extremely appreciated. Thank you and have a great day!

Travis Hewlett - Kaizen Projects