You can typically find better deals on older structures and still get decent rent for them. 

I decided that I would refinance using the BRRR method and use this property as my first rental property.

I believe this method is good to acquire multiple properties that will be paid down by your tenants.

What I’d like to do is structure a deal where they cut me a deal on it and maintain partial ownership.

What I’d like to do is structure a deal where they cut me a deal on it and maintain partial ownership.

I have the goal of financial independence, and I'm considering methods of getting there.

Thanks.The project scope includes the architectural and structural documentation for 2 new 3 story, 2 family dwellings, each with a cellar and rooftop deck.

What is your preferred method for taking control of a property with a first position lien?...

You're mixing different methods of valuation.

Looking at the outside shot of the home, I can see that the roof isn't in perfect condition... it's either really old or structurally there's something wrong with it and I know roofs are a VERY expensive thing to address.