If you need more to do the rehab, perhaps instead of partnering, you could get your former boss to do a personal loan. 

Financed Loan Amount: $172,0004.

DIRECT MORTGAGE LOAN COMPANY6.

They are just going to use their 2nd VA loan to buy their next one while this one is tied up. 

@Luke Hamlin you can buy a second home with 10% down with a Conventional loan.

Assuming these are for short-term loans, such as for flips, @Keith Groshans, you could do what we do and let the borrower keep the money and pay everything when they sell the property.

Structuring Financing for Volume-Based InvestingTraditional financing methods like hard money loans work well for single properties but can be less efficient when you're scaling up.

I recommend that you find a trusted or recommended Mortgage Loan Originator (MLO), who can give you options for property-based loans (mostly investment loans) and they don't use your taxes but the P&L of the property.

Buy and hold used as short term rental property.

I know a lender that does 15% down on investment loans.