His financial state,ent showed that his proceeds from the sales were net three times the price he paid for the property.3.

So, when you say they not do report on your personal credit report I guess you are talking about non-recourse loans? 

What he wrote here indicates he actually doesnt have any background in financial analysis, and doesnt understand that the cash flow, or cap rates are a reflection of the risk.

There is rules around this which is why loans and utilities all offer multiple payment options.

I have a hard money loan on this place and it is maturing soon.My partner and I can keep lowering the price but we are already set to lose a Lot of money on it.

That person does work, but we'd want the other person to be financially responsible. 

---They can defer capital gains and still have cashflow with no headaches.Try negotiating 5%/$12k down so you still have funds for deferred maintenance.After 3-5 years, you can refinance to pay seller off.CHALLENGE: you better check everything out financially and with the properties (well inspections, etc.) to make sure seller is not dumping their problems on you.

And on top of that another $50k in student loans, and $20k auto loans. 

FHA loan How did you add value to the deal?

A lender usually a DSCR loan from a hard money lender.