You will need to fix the cause, or else it will just come right back.

Partnerships can be awesome cause they allow you to do bigger projects and more projects but keep in mind that while you might get 50% of the massive profits your also carrying 50% of the risk and debt that it takes to go after the bigger payouts.

However, this seems like it could cause issues between the tenants.

We know and trust the family and have no concern about getting paid, but we know there are risks and would foreclose if necessary.

@Charles Wang Yes, you will have to pay the $800 minimum franchise tax insofar as your S corp does not generate taxable income that would cause your franchise tax to be above $800. 

I think I'm ready to ask to see a property and put a bid on it, but I'm concerned I may be missing something since the Cash Flow #s seem significantly higher (better) when using the SFH_Rental_Analysis spreadsheet than my own 'back of the envelope' calculations and since there's so much more going on in that spreadsheet than my own I'm not sure what I may be missing.The Facts:I'm looking at a property that the seller is asking about half of what Zillow estimates the property to be worth, and about $10k less than its last sold value. 

In those cases or other specified large rent increases that cause displacement, landlords would have to pay relocation benefits, with increased benefits for the disabled, seniors and those living with minors.The measure would also create a nine-member rent stabilization board to determine annual adjustments, hear petitions for individual rent increases and pursue remedies in court.

So I’d say that your primary concern, financing them is secondary.

My concern is if my buyer backs out of the deal then I need to float the building until I find another buyer.

I'm concerned the appraisal wouldn't come in high enough though.The other part of this is if I had a private lender loan me the down payment, can I do that?