The whole picture matters, so this may or may not impede your progress, but based on your post it could possibly be quite the hurdle unfortunately.

My bad, I thought the owner was doing only a piece of the downpayment not the whole note, so was outlining more conventional financing.

1% achievable?

John, when buying foreclosures, every house has a story, We never know the story or at least the whole story.

That was the whole point of my presentation, was to give people just starting out a few avenues to explore. 

Base your decisions only on achieving above market with S8.

BP has a whole section on it that you can spend a month reading as well.

You can get them in different types of wood, so you can probably get something close to the grain of the cabinet fronts.As a curveball idea... if one of the ends is in a good spot for it, maybe buy some whiteboard material, or a whole whiteboard, and cut it down to size. 

If that is the case, then you might consider including a small acquisition fee for all the up front effort of sourcing and securing the deal.With limited info (and even with all the info) I can only tell you that it ultimately depends on what your goals are, what you think is fair and on what your partners are aiming to achieve out of this deal as well.Again, talk to your real estate attorney and your real estate CPA and have them advise you on the best structure to move forward.Probably not the straight up answer you were looking for but I hope it helps.Good luck!

There is nothing wrong with doing minimum rehab to achieve a nice rentable unit.