Yes, you may end up "paying them more", but when they are sharing in the equity their win is also your win, so they are likely to work harder and do things a little differently when they get a direct benefit from it.  

Some are glorified fee takers and any cash flow or equity return on the property is icing on the cake.I like it more when the fee is just a small component of the deal and the syndicator wins more when their passive investors do on the back end.

A win win. 

@Deepak C.you can use Turbo tenant to find tenants, going through a PM company is going to be your best bet for management - most will want 8-10% of the rents. 

That would be his issue with his lender.You would have the option of forcing him to complete the deal, he then has to work out the problems between himself and his lender, that is none of your problem or business.Have your attorney or the real estate agent's broker send a strongly worded letter as a warning about the consequences ( a lawsuit he is unlikely to win).

Hello everyone,
How do I get a property in foreclosures to live in? I know you need cash to bid. Does any lenders does that? how do I get foreclosure listing? 

If not, DSCR would likely be your best bet.

That’s the best bet.

Yet if the numbers were to far exceed the proforma, you can bet they wouldn't be willing to give you any of that money back. :-)I wonder if you could take another actual cabin and do a 5 year example of ownership on the actuals for that cabin and then put that those numbers can't be used as a guarantee for any other cabin's future returns. 

Commercial is your best bet (rates are actually closer to 7-8%) or you can have a loan against your other assets such as brokerage, retire accounts, or a group LOC for your other properties.