Goals: I want to get into rentals using the Brrrr strategy, or even flip homes at first to build some capital. 

I have a decent amount of startup capital but even a fixer SFH can be listed for over 450.

There are small towns in parts of the country where lenders will be hesitant to lend any capital.

(Approximately 200,000 over the life of the loan)2) What are the pros and cons for him selling the property to me on a land contract as it pertains to capital gains? 

I've been flipping homes to create capital infusions, but that is only meant to be in service of purchasing more rentals at a faster pace without having to wait for 20% down payments.I know the BRRRR method is another way to accomplish this, but I'm running into a conundrum.Here's my understanding, and I'd love for someone to educate me on how to do this a little more effectively...First, I am thankfully very bankable.

This is a way to structure the sale so that the seller can get cash at closing and defer the capital gains tax and depreciation recapture for 30 years.

A refinance into a higher LTV non-recourse loan could free up some additional capital, but how much the lender would go could be limited on a recently rehabbed property. 

At most you have $40k profit -long term capital gains at approx 20% tax is $8k - most likely worst case tax. 

I received a connection request via LinkedIn from a representative at a company called Deposit Capital.

If it is a purchase, with cash, there should be a P&S contract stipulating a certain price, so he'll have a basis to pay his capital gains tax, and for you to create a basis for the half you bought from him, for tax purposes.