depends on the banks.

In other words, instead of using a traditional bank, the seller provides a note, or "takes a note back."

Don't skip this step, as it is critical for banking, obtaining loans, and for defining the terms under which you and your partner dissolve in the case of a disagreement. 

@Rory Compton - It's a short sale, so the list price is really irrelevant, because it is subject to bank approval.  

Is that something a bank would do?

I am about to finance my fourth rental property using the BRRR strategy and then my bank will not lend to me anymore, hitting the magical fourth loan.

The property has been close for couple of years and is Bank owned.Thanks

Any good ideas on how to get between the banks and the market??

Depends on the bank.

I got 2 small perrsonal checks from him at closing on a couple small items which gave me a bank account to go to the sheriff's office along with my writ of execution and they seized the money from his account as I timed it for a couple days after he collected his rent on a llc and moved it into his personal account.