We are looking here for long term equity growth and eventually will build another unit, with separate driveway, as a furnished mid-term rental.

I’ve met a few long term investors and residents in San Francisco.

@Matt Faircloth, as long as this is disclosed in the agreement.

This could be an individual person willing to give you money, or a private bank, or an organization or business of some sort.The long answer is much longer and if you're interested in diving into the topic here's a few resources I can recommend:These are two great books (also available as audio books and e-books) that go over the fundamentals of what private lending are, what it means to raise capital, how to find deals to buy with private capital, and a lot more.

Don't ever spend your last dime on an investment!

Purchase price: $2,010,000 Cash invested: $600,000 purchase with tenants in place, many long term What made you interested in investing in this type of deal?

Improve Efficiency – By classifying and identifying the various components of your property, a cost segregation study can help you maintain and manage the property more effectively in the long run.

Lastly - sis is trying to buy the building from usoriginaly (day one after auction) we thought it would be a good idea)now after we have seen the property and know what a good deal it is - we prefer to keep it instead of the quick flipIt is hard to get our hands on a well priced multifamily and we thought this would be a good intro for us into the buy and hold.We could sell to her for a quick few bucks - but I want to learn the process. 

If I can get a deal to cash flow on long term rent with no money out of pocket in a great area I will buy that deal every day regardless if I am underwater  

one last comment as you just want it to be true..