You really should never leverage the home you live in.

How can I strike a deal where they can still receive some income from the property, but I can purchase the home and make my share and eventually (1-2 years away) own the home and eventually get full profit from this 8-unit property.

Congratulationswhat you’ve found that both the INVESTMENT side of real estate, and theBUSINESS side are very competitive; therefore profit margins are compressed, so those “home runs” people like to bragg about are actually quite rare.  

It's a shame, the home is a great home to live in with potential. ( Side note, the seller only wants land value.

You have the mortgage, taxes, insurance, maintenance, capital expenditures (roof, flooring, etc.), and also need to consider the cost of vacancies or bad tenants.I also recommend you charge market rate, for yourself and the tenant.

,  it helps tons when you know someone like your husband that knows how to flip and work on a home himself, a lot of people myself included have no connections at all to flip a home and it could be daunting just thinking about it.Did you get your asking price of $299.633?

My husband and I currently have a property in Annapolis, Maryland that was once our home and now turned rental property after we moved.

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

We have rentals, home, auto and umbrella with them. 

In two years I plan to pull equity from my home, rent it out, and purchase another to live in for two years..