I was thinking I can use those funds for the down payment and closing costs for turn Key properties in Ohio.

Keep in mind there are brokers/placement firms  out there who can serve as a conduit to the family offices, pension funds and insurance companies and the cost of those placement services are going to be significantly less than the amount of effort and expense that goes into the this new breed of syndicator.

He has come up through the ranks as a wholesaler, then fix and flip, and now targeting missing middle new construction/development deals.I'm beginning to research GCs/investors that do this type of work, and figured it'd be worth exploring the BP network.If you deal in this area directly, or have a connection I could speak to, that would be much appreciated.At the end of the day I am trying to get round number hard cost estimates on 2-4plex/Townhomes.

So if a property was offered at $500k, John might offer 2 parcels assessed value of $70k (cost him no more than $1k) and a seller financed note of $380k.  

The problem is in a lot of those cases there is no potential to cash flow unless you are putting 30-40% down.

The biggest drawback I am having is calculating cost for repairs & finding a reputable contractor for a fair price - I know nothing about renovations right now.  

I’d explain the situation to the owner and offer to buy the property, or speak to a lawyer about potential legal action.

True private money is going to cost 10-12% plus deal equity which often makes the true percentage 20-22% on your money vs alternative lending which will be around 12-14%.Here to chat if you want some help comping a deal and putting one together. 

Would talk to contractors and get a sense of renovation costs and ARVs. 

Selling costs time and money.