Four years after the debtor’s bankruptcy case closed, the debtor and mortgage servicer engaged in loan modification discussions to resolve the debtor’s default on insurance and real estate tax obligations and allow her to avoid foreclosure.

With that said, I'm not your lawyer.In the world of capital, your capital stack will be composed of debt or equity or a hybrid instrument (a bit of both). 

He does not believe in accumulating debt or taking away from his cash flow.

@Christian Weber If you don't have other consumer debt or car payments I'd seriously consider the cash-out ReFi.

The only difference is whether or not you'd be able to offset against your ordinary income...and that's also assuming your income level is under a certain amount (my apologies if I'm pointing out something you already know).As for syndications, as long as we are talking about equity purchases of commercial property and not debt or some of the other fancy syndications out there like secondary market litigation or insurance, you will have very large passive losses starting from your first year.

Most RE project finance is either Equity(shares and shareholder loans), Debt or Hybrid(mezzanine finance,  preferred equity).Suppose a multifamily township development project has LVR or LTV of 60%, 60% debt capital can be raised, how should one model remaining 40% finance such that highest developers margin can be achieved after all the payoffs.Thanking in advance

You've really only got three choices: equity, debt, or a mix of both.

So this would be more of an equity-type structure, which is generally going to be more expensive than debt, or a typical private money lender.My question to everyone is how do I set it up so its a good deal for both of us?

Instead, you can leverage what you know to buy properties (rather using debt or cash). 

Garrett Gunderson's/Wealth Factory has what's called the Cash Flow Index, it's helped us determine a credit card and loan payoff plan, and may be useful to help you determine your opportunity cost when it comes to paying down low interest debt or pursue an investment that may return a higher rate.