The question is, how do i show the lender that we have the total assets needed to cover the down payment when i will be acquiring some of it from my partner?

@Wayne WilliamIf you have access to the MLS or know an agent who does, that is easy information to obtain if it was listed.If not, you might have to research via the Tax Assessor's site.

Really, reserves and access to capitol are key. 

The interaction when acquiring a note is actually very limited once you get the collateral files.

Brandon Greenberg has been hired to specialize in helping long distance investors locate properties and acquire them and I have nothing but positive things to say about my dealing with them so far.

That building has easy access to bus routes for the tenants so that's a plus.

The park is the only public access to the lake.

Always Do your own “due diligence” People/companies should give you access to their operations and check the references etc.

In such cases which the property is take back there, its quite difficult to project expenses involved in a rehab without being able to see the inside of a property when the note was acquired. 

You simply may not use part IRA and part personal money to acquire a property using debt-financing.