Consider a live in flip, we used to use terms like sweat equity to describe this tactic.Couple of lender ideas Get a co-signerTalk to local or regional banks, you will need "portfolio" lender.Get a bridge loan from hard money or private money until you quality for conventional financing.Financing will be tough. 

Usually only one set of utilities. mine is german duplex with very exotic in-house a strong wood cabinet, the first time I saw it i remember the movie back in 1934 in berlin lol milwaukee is so facsinating.if you can write a thread these days about milwaukee real estate history between those german duplex, polish flat that would be wonderful, want to see how the layout looks likemine is originally owned by first and second generation german immigrant, the owner is the second son, like to play bridge/chess in the house and passed a way sometime five ten years ago ........ 

Check out below for three major developments that are happening in Mecklenburg County:Queens Bridge Collective:Chicago-based Riverside is underway on Phase 1 of a large mixed use project linking South End and Uptown.

Although I haven't personally enrolled in such a course, a single free webinar bridged crucial gaps for me to kickstart my business in the "arbitrage" route.For those inclined towards purchasing STR, I recommend exploring the offerings of the Short Term Shop.

I have a brook running through the yard with a high bridge going over it.

A one year bridge loan will get you between 80-90% of the purchase price + 100% of the rehab not to exceed 75% of ARV.

With commercial properties, bridge lenders and certain other lenders will finance the property's renovations.

There are some bridge gap lenders but learn about it before attempting to do a double close etc.

If you need the interest only payment period to get a property stabilized, that is pretty typical in bridge loans for larger multifamily properties, but that is going into the property with the expectation you are going to be doing some substantial work to increase the cash flows accordingly, versus buying a property that has been relatively well taken care of and good property management in place.

If you and your friend know nothing and this person is bridging that gap for you and your friend, then I would pay them a higher income..