Could the seller provide you with a note for the down payment and you pay him back?

Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.

We would need to know your current operating expenses (and rent) to be able to provide any suggestions.

So, I am indeed getting monthly payment from my buyer that would cover both monthly mortgage payments and also provides me interest only payments on the difference between the sale price and mortgage payment. 

BUT the point is...do you think you or the agent will sell it for the highest price and provide higher net proceeds to your family member? 

A good ballpark is $1,000–$2,500 per unit, but this depends heavily on how extensive the turnover is and whether you’re self-managing or hiring contractors.If you’re looking for more precision, connecting with local property managers or contractors can provide insight into typical costs for properties like yours in the area.

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We have both always been interested in forming some partnership in which I do the leg-work and he provides the finances.

Even if one has to provide the education to some of the parties as to why a particular creative solution makes a win-win-win for all. 

An additional benefit of a detailed engineering-based Cost Segregation Study is that it can increase potential insurance premium savings as well as provide support for the property tax appeals process.