If they are asking for short sale that means property is worth less than is owed.

If you would prefer to do it on your own than that is fine too and you will just have to grind it out and save like crazy but it will be worth it.

I would like to be in the partnership for the least amount of time possible but want to be sure I can present this offer as worth his time, which is very valuable. 

Not easy but well worth it

As a license agen, you will have a fiduciary responsibility to tell sellers what their property is actually worth. 

The house is worth around 900K, my share is one sixth of this at around 150K.

Live in the multi-family for a year, then move back into your own home and rent out the unit.If if not ideal, it's worth the hassle. 

@Sundone Boutvyseth-the lowest Down for a SFR  rental  property is  15% ...if you are able to  locate an  option with 10%  down - this is likely  going to be pricey  but if you need to minize the down - it  might be  worth  using 

However that data is not necessarily worth a damn.

Hi Angelica,Just adding my own 2 cents worth here from a deal I did not too long ago:I bought a prop off Auction.com about 2 years ago.