So it's pretty obvious why they might take that route.

Be sure to check them out and find a few to attend regularly. 

If we go this route  I would hope that everyone would be willing to bring their progress to future meetings so others can learn from it and bring in other speakers that have just done a deal and are willing to share their numbers.

2) What is the best way to market to cash buyers if we decide to go this route i.e., Craigslist? 

There's a lot of rules on condo's and townhomes, make sure you're able to rent it out as soon as you buy if you go that route.

It gets it’s name because preferred equity holders have a preferred right to payments over regular equity holders.

So if you wanted to go that route, you would have it shop around...but given you are 5 months in, like @Upen Patel said, you should probably wait.  

I guess I just need a good helping hand to let me know a route or what to look out for.

I can't say that I will never tip again, but it won't be a regular thing anymore.  

We do this type of deal regularly and for just $10,000 we control a home that after we spend $40,000 fixing the home and sell it for $460,000 we will deposit $40,000 in a bank account that will pay our seller $1,000 per month for 40 months, and we will keep the ballance.Jim