A cash out mortgage includes any capital to the borrower beyond the existing mortgage lien, such as funds to recuperate capital investment into the property or consolidation. 

Need to take them to court to gain possession and recuperate funds invested into the transaction thus far.Please let me know who you suggest!

My only gripe is that once I spend a down payment it will take a very long time to recuperate that down payment.

The reason I say this is that if you pay ten grand more for a home over ten years you will recuperate the premium with appreciate and/or rental income.

I have a strong passion for nature and mental/ physical rest and recuperation but don’t want to get to far over my head to begin with, want to take this step by step.

While in theory this is great, even if you find a property below market value you run into two issues in today's market.The first issue is buying low enough to recuperate your expenses and down payment.

There’s also the option of having them all sign two 6-month leases but then that does provide the chance they all leave after 6 months and my unit has been vacant for quite some time so I need to recuperate.

It took us 6 months to recuperate the renovation cost of 12k.

- What if I pay some money down to keep him happy and recuperate it from bank when loan is processed? 

If the initial funds are real concern, it might be worth considering structuring the distributions in such a way that he or she recuperates the initial investment first.