If cash flow is more important to you, you'll obviously have more of it with a 20% down, traditional mortgage.

However, if you are using traditional financing you may want to reach out to @Jerry Padilla he is pretty knowledgeable on the resi side.

I would like to have some creative solutions to bring to the table rather than put the onus on him (although he has done many partnerships before).For example, would it make sense for him to take a note back and a lien on the property to cover my 50% (e.g. interest-only, 7 or 8%) during the rehab, then convert to a traditional 30-year payment (with him) or re-fi my portion (with a lender)?

You can get up to 10 financed mortgages going the traditional way.

is to make someone you know with the funds happy with a higher return on their money than they were getting in traditional fixed income investments.It's not normal to get deals funded at 100% of cost of acquisition and rehab.

I would use a HELOC to buy something with cash that doesn't qualify for traditional financing because it is much cheaper than hard money.

Traditional financing How did you add value to the deal?

Imagine it a bit shorter for your single story facade:https://i.pinimg.com/236x/51/1d/39/511d390350f72596ebc9bb57589a7e5e--traditional-exterior-timber-frames.jpg A nice box bay under a gable, with a standing seam shed roof:https://i.pinimg.com/236x/fc/94/c6/fc94c631e2df20dbb1fa117fea512c41--traditional-exterior-ranch-homes.jpg Example of a small, very shallow box bay with a shed roof (yours would be wider and taller), easy and inexpensive to build:https://encrypted-tbn0.gstatic.com/images?

The person above in this thread is 100% correct recent laws have made using buyers money to close out contract with seller is now deemed illegal and cannot be done but there is a way around that like everything else.if you want to maintain the old tradition of using the buyers cash to close out your contract with the original seller what you will have to do to stay within the law the new law that is, is to have your lawyer write out a promissory note to the cash and buyer securing them with your equitable interest making that cash buyer a temporary lender.

It was clear to me that Rich new EVERYTHING I wanted to know and although I wasn't getting paid (in the traditional sense) it was certainly worth my time to help him.