If I understand correctly; the seller would receive 80% ($40,000) directly from the mortgagee at closing and would enter into a personal agreement with me for the 20% down payment ($10,000) in which he would be reimbursed separately from my mortgage payments at a separately agreed upon rate and term?

If my assumptions are correct - documented 4point issues  (electrical, HVAC, roofing, plumbing)  will need to be remediated in order to close. 

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

Asking in the correct forum will get a better response.Read the RULES!

Unfortunately, while there are other methods to acquire investment properties, the reality is you need cash and reserves to plan and set up your investment portfolio accordingly. 

@Pranita Maldikar From your report, it appears you're looking to put $119k down on this property, is that correct?

If you are open to non-traditional methods of financing, you could use a debt service loan to bypass that requirement.

Airbnb brand is strong 💪 Correction, AirBnB marketing is strong. 

It's becoming nationally known, so hosts who manage their properties correctly are still seeing wonderful revenue numbers!

Having said that I do use a CPA to help make sure I am doing everything correct and they prepare my taxes.