If this was a $200k per unit type of setup in NYC for example, that would probably be a different situation.The funny thing is that I don't think anyone has seen the proprietary lease at this point.What do you mean by "buy the fee"?

Why type of commercial property are you buying?

I will research, manage, and work on the properties myself (He is in another state entirely) so I was hoping to find out how some of you have set up this type of arrangement in the past.

Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingCheck out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.

I think that difference is part of your value pitch.Is it just a list or do you add value, such as some type of investment analysis? 

Lenders do not view this type of transaction as negative.  

My question is simple, are there fix/flip investors willing to fund and drive this type of a project for a % at closing? 

@Max H.If it's truly a 2nd home the required down payment is going to be a minimum of 10% down on an SFR. 2nd homes are the hardest of the 3 types of loans to get.

I currently have 20% of the 200k and trying to get financing to get the property/land, but having issue obtaining a Land Lot Loan, which I was told would be required for this type of property/land, since the property on there is not livable, and so therefore a residential loan will not work.

I currently have 20% of the 200k and trying to get financing to get the property/land, but having issue obtaining a Land Lot Loan, which I was told would be required for this type of property/land, since the property on there is not livable, and so therefore a residential loan will not work.