Granted, these lots are in some of the rougher areas of the city but I was curious if anyone has dealt with a similar scenario in the past and what sort of opportunity they saw and/or results achieved.http://chicagoist.com/2017/09/13/the_city_will_sel... 

Due to our limited funds, we want to figure out how to get a great deal, with as little of our cash in the game as possible, to allow a "safety net" of sorts.

Check county code... its my understanding that every parcel needs access of some sort regardless of where it is.

It would do some balancing in the context of my portfolio, to some degree; I've got a NNN lease expiring in Feb 2018, so this would provide some laddering of vacancy risk, of sorts.

Sort of like a mentor.

There may be some sort of a partnership or other legal agreement that would make your family able to provide a down payment, satisfy the bank, not require fraud, and not run afoul of the tax man.

In this world, you meet all sorts." 

Partnership agreements carry significant weight unless they violate some sort of public policy or seek to waive a duty case law demands is non waivable.

Any sort of order 

So essentially my w2 income would need to be able to qualify for a quarter of this loan if I was to occupied one of the units would this sort of loan be done at a normal bank or what would I need to do?