Your best bet is to find one that has flexible membership options, without high spend requirements.

If the owner financing terms are flexible, what would make this potential purchase more favorable on my end?

We are looking for lenders that understand the market (we are in Lousiana and are casting a wide net due to flexibility) and that will fund our first deal(s).

Private money lending bridges the gap between speed and flexibility for investors while offering lenders a secure way to grow their returns.

When you are on the commercial side of the bank, and borrowing on the bank's balance sheet, they have a lot more flexibility to how they handle loans.  

Renovation costs would need to be financed separately.Private Lending or Hard Money: Use a private or hard money loan to acquire and rehab the property, then refinance into a joint long-term loan.Seller Financing: Negotiate terms directly with the seller for a flexible financing arrangement.Final ThoughtsUsing an FHA 203(k) loan for your first property is a smart move, and with the right partnership agreement, you can still achieve your 50/50 goals.

However, the approval process can be pretty tough, especially if you're working on a larger project or have a shorter timeline.Private Lenders: These options are typically much faster and more flexible, which is key when scaling development projects.

The only instance in which that would be appropriate would be if they need payment flexibility, as most HELOCS only require a interest only payment.

If you're cash, you have more flexibility.

Find one that does not have a high-priced long-term monthly contract, flexible pricing, and excellent customer service.