John Warren, that makes a lot of sense for the other partner to have some skin in the game.

You now owe capital gains tax on $29k, which is the amount of money you took out that was above and beyond your "skin in the game."

You may be able to find someone to invest with you as an equity partner, but people usually like to see the person they're investing with have skin in the game. 

I say Yes than she say something change in thehouse I can't sleep, my mind is foggy my skin has tingling all over, I ask do you think is the new cable?

A first position lender (the one that provides 75% loan) would not likely loan you money if you don't have "skin in the game", i.e. down-payment.

*One unit will be occupied by me*The current deal(s) I have negotiated -Purchase Price: $518kCredits: $7k credit for closing costs (from owner)Financing: 3.5% down ($18.1k down)orPurchase Price: $539kCredits: $7k credit for closing costs (from owner) and $21k credit to my pocket (cashiers check).Financing: 3.5% down ($18.9k down)Essentially, I get my down payment back and have no skin in the game.

If you borrow 100% of the purchase price, you have no skin in the game and it's easy to walk away.

The plan is that is the skin I put in the game and then they will pay for the renovations and then I can either sell it and make a profit or keep it and do short or long term renting.

My wife is very fair skinned.

There are many ways to skin a cat.