It required a bit more paperwork and trust-building with the buyers, but it eased his funding gap significantly.Another route I took was tapping into local investment groups.

If it is, that would be the route to go.

Give them a call as well and see if you could be routed to the right place.

If you go the non-payment route, it is far better.

I’m very bullish on Passive Investing and creating multiple streams of income (mailbox money as some would say) and see this route as an effective way to achieve that. 

At that point, I'd rather use hard money to fund the downpayment and go the conventional route - at this point at least.

If you are raising less than $1-$2M then putting a syndication together is going to be expensive compared to what you get out of it. for a few properties i would try and go the hard money route.

It actually pisses me off that he decided to go this route instead of just calling me to work something out.

Are you thinking of house hacking or going a different route?

And I think for someone in your position, house hacking is almost certainly the best route to go.