Does anyone have a better idea?

We have an attorney representing us for closings, etc.I am looking for ideas from the BP community on how to structure this type of deal. 

Also if it is a bank overlay and there is a bank who will do it in 6months is it a bad idea or frowned upon to go to another bank in 6months.

It seems like this is hurting my options (no surprise) but I am being told it makes the idea of buying a home through non-traditional financing methods and then doing a cash-out refi impossible.

The idea of getting $160,000 for a house 5 years from now that is worth $250,000 doesn't seem very appealing.

One idea would be for me to contribute 20% of the funds plus everything mentioned prior while he provides 80% but we split the profits 50/50 what are your thoughts and/or experiences?  

Suppose you could also be purchasing everything for cash but the idea of building a scalable portfolio without using banks is not realistic, at least in MN cities.Flipping is not the hardest way to make money, you just have to know what you are doing and leverage other people like most businesses. 

My impression is that it would be a great idea to become a local agent, and take advantage of the market's current (advantages?)

So, I have no idea where that came from.

If you know the neighborhoods already, that can give you some idea.