If the tenant does then you explain that was your initial intention until your tenant failed to pay rent for June.Gail

This really only works if there wasn’t any bonus depreciation taken initially in the first deal.Let’s say there wasn’t any taken, and you have to recapture $50K in depreciation on the first sale.

Once you hit this initial wall there are some ways you can climb above it.You can save up your cashflow and contribute personal savings until you have the purchase money for the next purchase, and then rinse and repeat. 

It'll likely take longer than my initial guess of 5 years to achieve my goals.Right now, I have around $50k and make $50k a year after all taxes and expenses from my W-2.

For example, one way would be to structure it as a buy-out (offering an initial downpayment and then making regular monthly or annual payments with the revenue the business produces.) 

Involved in the initial roof repair? 

Unfortunately, our investor (who happens to be related to my business partner) decided he no longer wants to put the $600K he initially pledged and instead wants put only $300K down.

A law suit was initiated regarding the defaulting note (and other notes that were in the same situation) and further down the road, there might be some money coming my way from that.

Without knowing more detail, to avoid paying taxes on your indirect gift (if you do both profit-loss/capital both 50/50), you need to do 50/50 profit-loss interest and 0/100% capital interest on the initial contribution amount or he gets his 100% contribution before anyone gets paid. 

You can have several lenders make a single loan and each have an undivided interest in the note and lien secured by real estate.My private lending package consists of a deed with vendor's lien, promissory note, deed of trust (Texas), a business purpose affidavit or personal guaranty, lender's instructions to the title company (because I only represent the lender, even if the borrower is my initial contact), and letter of non-representation (explaining that I work for the lender and paid by the borrower).The State Bar of Texas encourages its members to educate the public on areas of law, and in that light, this is for educational purposes.