The only change is you're not working with a bank for this transaction (and, there are so many benefits from that).Ensure you have an easy and smooth way to pay your monthly payment to the seller/lender since you'll be working directly with the seller on that rather than a bank.

I have about $1M in capital to start with and would benefit from learning how you found your deals and the details.Rob

Large companies and equity firms obviously have more resources at their disposal than a small investor, but to me I couldn't help thinking about all of the tools and extra benefits we get as small investors.

You would need to have a rock solid argument prepared for how community benefit (affordable housing?)

@Trenton Pelloquin There are certainly benefits to QBO, including the fact that many in the industry players are using it, which could facilitate delegation of bookkeeping activities and tax preparation. 

The key is to show the long-term benefit, including both the steady income and the future sale profits.If you put together a clear proposal showing the return on investment (cash flow + equity appreciation), it could be a compelling case to bring in a new partner to buy out the current one.

If you have any VA benefits left (definitely check into that) I would try to use them and maximize that benefit. 

My current partner isn’t as enthusiastic about sharing the building with a tenant but does see the immense benefit to having rental income to help offset expenses.

This Agreement shall bind and inure to the benefit of the Parties hereto and their successors in interest.

However, if these aren’t itemized clearly, it’s worth asking for an explanation from your lender to make sure you’re getting the full benefit of the assistance.Your lender mentioned the title fees are conservative, which means they might come down closer to closing.