I spent a great portion of my life in school and as such lost out on a lot of financial/investment opportunities since I was in school or in low paying jobs in order to gain experience.  

For the drawing up the paperwork, the one option you would have is to essentially be the bank and write up a deed of trust and promissory note and put a lien on the property payable with a due on sale clause or however you structure the payments. 

So I know i'm due for some taxes on the sale.  

Are they now the trustee in a foreclosure sale? 

My best friend has been waiting on a condo that's is a short sale .

Sales price $156,0002. 

We are semi new to the market of whole sale and flipping houses.

If you have investors and are looking for the last piece you may have a better chance than you just putting down a portion and then asking for the remaining amount of equity from a crowdfunding portal.

This will not hold up in a court of law, as there is "Real Property" involved in the sale.

Most reputable turn key companies buy distressed properties further upstream (i.e. auctions, tax sales, etc) at much better prices than the average individual.