Getting the mortgage under my name; then rent the properties with agreement with the LLC.  

The conventional brokerage model is a pre-internet, pre-online tech enabled world.

I'm going to finance it with an 80% first mortgage.  

Here in Canada its called a VTB (Vendor-take back mortgage).

The "zero-down, take-over-my-2.5%-mortgage" is a unicorn example that he likes to throw out there as bait for all newbies to buy into his program.  

Hello Biggerpockets Community, I'm currently considering a unique opportunity to go 50/50 on a property with a friend, and I'd love to hear your thoughts and experiences on this matter.Background:My friend and I are contemplating joint ownership of a property where they will live and cover the mortgage, while her and I contribute 10% down payment.

I can't say I know much about land financing but if I was in your situation I would get in contact with some local or even national mortgage brokers.

We are a local chicago mortgage banker and have very competitive products to help you with creative financing and also your portfolio of single families as well!

I needed the lease in place to buy (get the mortgage on) a bigger place for my family, and he needed a place for his family. 

Cash flow projection using 50% rule:1450 - 725 (expenses at 50%) - $739 (mortgage) = ($14).