I'm curious to hear what others say but if someone approached me with that request I'd dig my heels in as hard as I could.

Let me preface this by noting that any of the individuals I would approach would be people I know quite well as I've established business relationships with them over many years at my current place of employment (since they know where I work, they can be assured I'm not going to run away with their money).

For a more passive approach but still with potential tax benefits of long term ownership I would probably invest in an outstanding sponsor's syndication or NNN commercial leases.However, if the only capital I had was borrowed from my home, I would address that issue. 

Any advice on how to approach the board?

The quick version. I own, no lien, an older 40’ yacht. I have spent a good amount of money fixing everything as all boat owners know. Now, I am not using it and either have to S or get off the pot. Boat and job ar...

I thought about approaching the seller about writing me a check for $100k after the initial closing and doing a second mortgage type arrangement.

I never thought about that or took that approach. 

I don't like to use parts of the existing one, particularly in cases where refrigerants have changed.There will be people that are able to get things done for less money, but the high efficiency and reliability that we get makes this approach work for us.

I was approached by a realtor/broker/developer to do a larger storage project. 

As others have already stated, there are certainly pros and cons to this approach.