I bet they are getting a barrage of leads right now with many motivated sellers looking to sell their homes to anyone.

I’ve been wasting money paying minimums on everything while I sort this out.

Another option is seller financing, where you negotiate directly with a motivated seller to carry the note instead of going through a bank.

I want to provide access through the common wall of the two units of a duplex. nothing fancy, sort of a "doorway" without a door, same size of a door.

@Jack Mi: my first impression is anyone that is buying a deal at a 4.5% going-in cap rate with 7% interest rate is anything by conservative.Now, there are so many details missing that it is impossible to give any true thoughts.The things I like:No up front fees, so less motivation to simply transact10% Co-invest is pretty good80/20 (assuming there is no second hurdle) is fairly good.Things that give me pause, based on what is actually presented:Going-in cap rate is very slim.  

My sister and I are not opposed to some sort of buy in as well, as it would likely help my father clear up some debts, and would just be nice to help him realize some sort of lump sum gain, in addition to what would likely be a share of monthly rental income.We are looking at setting up a trust to accomplish all of this, but are just at the beginning of this journey. 

Hopefully we can get this sorted out as soon as possible. 

Best of luck getting this sorted out friend! 

I bought my stuff cheap for cash, most over a decade ago.We still find distressed properties and motivated sellers willing to get rid of unwanted properties cheap that we fix up and rent out.I also use cash from my self directed IRA to also buy properties for cheap.

If you had a real buyer lined up and were adding value to the transaction by connecting them to the motivated seller, then that would be different.