I considered one exit strategy if this doesn’t work after a couple years, which would involve selling fractional shares of the unit while keeping half of them myself in hopes, the sale of the fractional shares would offset the existing mortgage and maybe put us in a winning position.

And that's where lending money either your own or Brokering does for you pure Write On's and far exceeds rental income of properties that have max debt ( 70 to 80% levered) with a fraction of the effort and time involved.

You just have to keep at it and remind the brokers you contact you are in the hunt for loans.For the amount of money you are starting with, you might want to indicate you are willing to fractionalize to get into a deal.

It's almost identical to crate and barrels for fractions of the cost.

You're a fractional and passive owner of a large commercial asset.  

They are also looking at Sub To and fractional lending (gator).

On the other side I have some friends who own a fraction of what I own, but they make more money monthly and are better positioned in the event of a crises because what they do own is completely paid off.

The redemption price is: The bid amount, Plus any taxes paid by the purchaser after the tax sale, Plus any special assessments on the property, Plus a 20% premium of the amount for the first year or fraction of a year which has elapsed since the date of sale and a 10% premium for each additional year or fraction of a year thereafter plus the sheriff and advertisement costs.

So now it's about buying a SFR with a room that you rent out for a minor fraction of your mortgage payment... and that's now called "house hacking."

A Buddy did the dry scrape looked almost as good in fractions of the time.