Ideally, finding a lender who offers a balance of both is key. 

They are sponsoring for the Non Recourse and it's up to the student to pull money from where ever they can pull it from, usually some kind of private lender 

Private Money.

I want a syndicator that is hungry to make his money by operating the deal with excellence, not getting paid up-front.Exactly.

Hard money lender.

Rental arbitrage was hyped up when money was cheap.

@Trent GulinoI agree with @Katie Smith about considering a hard money lender.

Quote from @Shane Haas: Quote from @Patrick Roberts: From a lender's perspective:If the purchase is made via cash and without any liens on the property or funds borrowed against the property, your cashout options are:A) Delayed financing within six months of purchase, which is treated like purchase money financing.

He is working on getting this number for me, but they only expect it to be around 60-70k, which I most likely will get a private lender to come up with that money.

You just have to be hungry and creative.