This is some of the best information I've read in a while.

We don’t use LTV explicitly, but using our criteria, it ends up around 55% to 65% of the ARV.

Call the owner and proposed the deal.

Lots of information and great connections here. 

Oversimplifying it just a bit, the investor profits from:- a non-refundable option paid by the tenant-buyer which gives them the right to purchase the property within their option period- the spread between the rent paid by the investor to the property owner and the rent paid to the investor by the tenant-buyer over the life of the option- the spread between the price ultimately paid by the investor when they exercise their option with the owner and the price ultimately paid by the tenant-buyer when they exercise their option with the investorClear as mud?

You should have a chat with your accountant, if you had a loan on the property, you may need to buy a property for more than the cash you received to defer 100% of the gain.Best of luck

Welcome to the community, Randy! 

I have 1 partner who provides up to 75% of the down payment, however, my goal has always been to live below my means, save money, and invest the saved money as a downpayment. 

Currently building the fix and flip/wholesale part of my business as my active income arm of Hammerhead Capital Inc.

Condo's value is very much tied to the overall health of the financial for the project.