Of course, this is one of many other ways to get started without having to saving up for a traditional down payment.

Comps, zestimate, etc.) you employed), Distributions (how investors get paid back), and any other Notes that may apply.I'm liking some of these more conscice, online methods over the more traditional but vebose, textual, "3 ring binder", more formal presentations I've done in the past.Example: http://patchofland.com/investments/beautiful-suburban-georgia-rehab.html

He's buying a primary residence with private money, refinancing to a traditional mortgage and living in it.

Modern medicine is amazing prolonging life.

I don't have the cash or credit to be a traditional RE investor.

If traditional banking proves difficult then you could look at hard money lenders, although that would result in a higher mortgage then you may be able to sustain.

I would fire your property manager and keep it as a traditional rental house.

Cons- is not traditional so some people might not like it and dog nails could scratch it ( I don't have dogs so not sure). 

(No Financing/Bank Loan/Traditional Mortgage)Any and all pointers will greatly appreciated.

One  2 bed/2 bath condo in particular they own outright and we have discussed them leaving money in the deal, something like a 60/40 scenario, where I can take a traditional loan out for the remaining purchase price.