Please let me know if I can be of assistance, I have helped many get their start in the 2-4 unit owner occupied realm.

I have been successful offering private financing at 6% interest only payments to borrow cash and use as down payments.  

The only reasonable explanation I can find is they are supplementing with J.O.B. income, or perhaps living off the excess borrowed funds..Some part of their story is missing.

Long story short, it was charged by SEC that there was irregularities and they used borrowed fresh investment funds to pay for monthly dividends.

My neighbor needs assistance selling.

With mortgage rates so low it is almost a no brainer and easy to make money on the difference (borrow at ~4% and invest at 6+%) in relatively safe investments, nothing is risk free of course.

However, typically if you buy cash, that percentage tends to be lower than if you borrow.

It is then up to the borrower to make their own intelligent decision.Sorry for the rant but had to be said, for the benefit of others.

I'd offer my assistance for the exposure and experience.

Unless your friend is very rich and is not worried about waiting a very long time, you would normally refinance and return the borrowed funds (plus interest, if any) if you looking to hold on to the property as a rental.