I am reading everything I can get my hands on that you have posted.

He get's principal and simple interest payments over a number of years.I'll manage the deal and the property.Looking to create a proforma for this that would fit a typical rental analysis but insert the detail of having private money cover the DP.

Then hire one that sounds competent and that you can get along with.

You can buy a rental house, put $60,000 down and you will have to get a non-recourse loan for the rest of the mortgage.

I have an opportunity to get into a property that doesn’t have any true equity, but the terms are really good.

In my experience, the local banks are going to get you better rates and lower fees with their commercial loan products than the "DSCR lenders".

Quote from @Desiree Board: I'm new to investing and wanted to get some advice/perspective on 2 things...1.

It took them 3 months to get my money invested and paying monthly.

Not really a tax question as the membership % decides who does, gets and deducts what. 

You can get there...just gotta get the snowball rolling down the hill whether it is real estate or other investments.