Once you guys nail down a solid plan, I would start calling lenders and see what kind of financing you can arrange.

In the agreement you would lay out the details of the partnership where she would utilize a HELOC for renovation funds, you would perform the renovation, and at the end of the day, the proceeds after the sale would be split 50/50 or however you arrange it to be. 

Today (Wed) they got a hold of one of them and he wants to make arrangements to come get the stuff and clean it up.In my opinion, they had their chance.

I'd say this is an arrangement you need to make on the front end. 

I knew the owner was a 'down on his luck' disabled Vet so I arranged for him to have a few day post-closing to find a place to move to and to get moved.  

My current focus is finding properties ideal for owner financing arrangements. 

My leases had turned into month-to-month arrangements, so I contacted them entirely through the website (I prefer that over phone calls), had them re-up the lease with rent increases.

Let me know if you would like to arrange for him to go by the house.

The price for those 60 payments would be  31,689.71, however,you would have 52,050.09 in principal remaining at the end of the 60 payments (end of year 6 on the loan) when the buyer is paid off and the payments revert back to you.This type of arrangement is advantageous for both buyer and seller. 

If put 10% skin in the game and give them an interest rate that will match their current passive rental income, with the agreement that I can refi in 1 year do you think anyone would be interested in this arrangement?