@Joe Boggin,Please Seek Legal Professional AdviceThis is a situation where you should not guess or seek unprofessional advice and guesses.Seeking advice from an attorney in the area where the property is located can be a wise and very economical decision considering the alternative.

I'm not sure if this is possible but if possible it should be another alternative to filter out all wannabes.

@Linda ArfiyantiWelcome.I will offer a third alternative the cash does not have to be yours you could work with private money and share the performance.Good luckPaul

It seems to me that since you are a proven winner with your investors, I would make a compelling case that they should get less of a cut not more unless they were contributing some other service other than money.If some of your investors want a greater return, then a syndication could be an possible alternative but it will require more legal & financial reporting.

It doesn't have to be an all or nothing equation.I too cringe at paying down low interest rate mortgages but when I look at the alternative places to invest out there a guaranteed 5.5% return on my money (my highest mortgage rates) looks pretty good.

I always appreciate hearing alternate perspectives from anyone willing to give them, and once I hear them I'll weigh my thoughts!

CHA and a wood stove for an alternative heat source.

As a possible alternative buy the property with 80% financing and have Seller hold a 2nd mortgage for the remaining 20%.

If not, please seek legal advice.Seeking advice from an attorney in the area where the property is located can be a wise and very economical decision considering the alternative.

Gotta take the bad with the good, what's the alternative?