BTW, from my experience, if you can get a mortgage, and use the $55k as a down-payment on a nice middle-class community w/ good schools house, newer, nicer, attracts stronger tenants, over 10+ years of holding you will be much better off. 

The Berry Hill area is a fairly attractive area right now.  

Which attracted interested multiple people.Lastly, I appreciated all my investors taking the time to listening to my plan and for their consideration!

That forced us to find alternate lending sources… We checked with Bob Kline of Regal Funding, in Newton – his terms were 35% of the entire loan, plus 4 points, plus 12% interest – that did not work.

But maybe times are changing and since it’s a sellers market most everywhere, if there is competition to purchase the place, and you NEED owner financing, I guess that’s a way to make your offer more attractive.

It sounds like you will need to reduce rent to rent it again so alternatively you could lower their rent a bit and see if they will stay.  

The property was attractive because current rent values are significantly under market value.

@Tech ChengThink about taking the 401k distribution, rolling it into a SDIRA so you can do alternative investing.

An alternative, is you fund, then sell to the PML and service the loan.

It's much safer to invest in areas outside Interstate 465, minus areas such as Lawrence which is a beast different from any other.If you want to attract good renters buy in good school districts too.