If so, I would buy one, fix it up and get it rented.

You many also need time to fix and paint things.

For instance, I considered what if I structured the deal to where I find a good deal that fits my cash flow requirements, my proposed partner puts the money to purchase and fix the property, we own it 50/50 or even 75/25 (in favor of the partner) but I do the work to manage it and also keep the cash flow.

Last year we bought a property with three mobile homes on it and this year we just bought another property with 3 different lots but only one mobile home on it that we plan to fix up and put an additional two MH's on it. 

Low interest rate, 30y fixed and 25% down.

.), which makes me think the sinkhole is NOT already fixed (this is a question I have out to my agent). 

Buy cheap houses with cash, fix them up and rent them.

You can get a 30 year fully amortized product but it wouldn't be at 6% i think more along the lines of 7.5ish Max LTV 75% fixed anywhere from 3 to 10 years 

Most Boris facing imminent foreclosure what happily take 10 or 20 thousand walk away and I'm speaking of the ones with a lot of equity in their property already and yet they're fixing to lose it for different reasons.

I paid them $6k and explicitly pointed out the issue of the low middle area of the home, and they did not fix the issue.