If the 2 partners with strong financial backgrounds can each qualify for the entire loan from a debt-to-equity perspective, and assuming the property has solid financial projections, it may take a full joint & several guaranty for the entire loan by the 2 partners (in addition to the third partner, which may not hold much weight from a credit standpoint but required anyway).  

and of course I am sure others will chime in that your only selling a contract but your not.. your double closing so your selling a home you do not own.you have to weight the risks.this is a tough game for those that are on limited budgets and heavy debt.. you may want to get that license and work on a team first then venture into investing.. 

If you want to dig into it yourself checkout IRS Publication 527: Residential Rental Property. https://www.irs.gov/pub/irs-pdf/p527.pdfA good CPA is worth more than their weight in gold on helping you figure out the best tax strategy for your situation.

"He's sure throwing his weight around eh?"

I don't know if this would have any weight  any how because they had a lease and full filled it by paying March rent.  

Jim Jack,  Like any business transaction, 'signing the deal' theoretically holds 'more weight' at your office / virtual office, or other related 'place of business...'

Additionally if the seller is familiar with the buyers attorney or the lender that can carry additional weight as well.

All of the weight cords have been cut.  

You may want to send your CPA the info on yjr specific truck and see based on weight limits which category it falls under 

Even in an extended power outage, you can still cook on a gas stove if you have matches or a lighter, a traditional gas hot water tank does not need power so you'll still have hot water and it only takes a small generator to power a gas furnace, although Missouri winters are fairly mild compared to here (Chicago area).My $0.02...