If I were the seller I’d return your deposit on two grounds: first, you breached the purchase agreement by not performing, and; second you seem like a flake. 

- Purchased a 1960's vintage building, 18 units, in 2017 for $1.5M- In a major urban city in the northeast- Put $400K down and have paid down $100K in loan (so the balance is $1M)- Purchased it to supplement my 9 - 5 and use it as a resource of income to retire (15 20 years from now)- It's comprised of studios, 1 bedrooms and 2 bedrooms. 

Purchase price: $175,000 Cash invested: $750,000 Sale price: $1,450,000 This is a current transaction that I'm working on.

They'd be making payments to me toward the purchase price -- let's say $250/mo for 5 years, then a lump sum. 

The loan often has two components: (1) purchase and (2) renovation where the latter is usually funded through reimbursement.As an FYI, lenders usually require the property be non-owner occupied.

The term syndication often is used in a multifamily/commercial or other real estate transaction, where a property is being purchased and the GP needs to raise capital (equity, often) to purchase the asset.

Property was purchased for 130k.

Regardless, the project will be financed with the intention of paying it off once I secure my next deal. 

are successfully purchasing 1% rule and positive cash flowing deals here.

When you turn a personal residence into a rental, you want to make sure you calculate your basis properly.Your basis will be purchase price + improvements made to the house since time of purchase(Assuming the FMV at time of conversion is atleast this amount).Best of luck!