Does any one have experience with alternate pay structures?

Are you structuring this as a partnership with the seller?"

However, navigating the legal and financial complexities of Subto deals requires careful attention, so I’d recommend working with a real estate attorney to ensure everything is structured correctly.Securing private money for the closing is a smart move, but ensure your terms allow for flexibility in case of unexpected repairs or delays in cash flow.

You can refinance with a loan that uses your personal income and debt to income / DTI ratio or a DSCR loan that will use the rental income to structure the loan. 

  ( I'm not interested in opinions on LLC ownership or pass through entities and the various tax advantages of those structures - It has to be a C-corp (but thank you anyway)). 

Anything structural (adding/taking away walls or square footage)6.

What if the other owner is cheap and doesn't want to touch the parking structure?

Order a boundary survey from a registered surveyor showing the existing house and if you are making changes such as adding to the existing structure you will need to provide the addition and or deck changes on the survey as well.  

The location in Linden, MI, and the property's structure offered an excellent opportunity for a significant value boost through a fix-and-flip strategy.

Some lenders have a flat PPP but most are structured as stepdowns.