A private money route may be your best bet.

Bad MLS listing, poorly listed.

A good start is Rich Dad Poor Dad by Robert Kiyosaki.

Poor Fair Average Good Very GoodAre there any leaking water pipes, sinks, faucets or other plumbing problems?

Poor people are poor because they make bad choices and have poor money management skills.

I bet if you search for it you will find that thread and he could be a great resource.

Even if you get away with it, later if one of your lenders finds out that it is the norm to have a recorded mortgage, it might reflect poorly on you that you didn't suggest it. 

My wife and I wanted to get into real estate investing and were living in San Diego, CA where buying a SFR would make us house-poor as properties with an ADU (accessory dwelling unit/granny flat) were incredibly difficult to find and expensive.Therefore we researched other out-of-state markets and decided to visit Colorado Springs, CO.

@Cory Mallow If the business is a going concern, he should contact a business broker and sell the business and its assets.I'd bet that like the rest of the world (especially those in the hospitality sector), he took a hit in 2020 - 2021, but look at his 2018 - 2019 P&Ls and tax returns. 

This efficiency of market explains why there is a poor relationship between initial cash flow and cash flow over a long hold period.