I know there are a lot of options, especially since they are family and willing to carry the loan. 

Case in point, years ago we used Olympic paints from Lowes, which were carried for a long time.

and we carry insurance to protect from those situations but unfortunately there are horror stories and tragedies that happen in medicine. 

In our market it is important to make sure they are a licensed broker, carry adequate GL and worker's comp (and name you as additional insured).  

Simply put, we start off with the As Repaired/Completed Value (ARV), then subtract from that number a reasonable profit, the rehab cost (scope of work), which we've gotten good at, a contingency reserve for any "unexpecteds", our cost of capital/carrying costs (interest and costs of the leverage used), and our costs/fees on the buy and sell sides of a flip.

No syndication experience but there are about a dozen quality RV/Mobile home parks on market in Oregon, several with owner carry options that can be passiv-ish with management in place.

Secondary financing is generally permitted, and the realities of the marketplace usually require the seller to carry financing for most buyers.

What kind of insurance do you carry? 

So this is a Quadplex, very cool.Ask him if he would carry back a second for part of the loan.

I usually require my tenants to carry renter’s insurance with at least $100,000 in liability coverage.