The two of us can now share best practices, where to buy cheap materials, who has cheap insurance, mortgage lenders, contractors, community insights, strategies, even renters that we liked but decided to go with someone else.

There are lots of examples out there ... just Google it.If they want the property as real security, you will need to create a mortgage loan document which will get registered on title.

@Jose Chavez I would speak with a mortgage lender in your area to see how much you can afford & if you would qualify.

What tax estimate on cash and mortgage/HELOC boots?

Currently rented at $1075 with monthly mortgage of $780.

I’ll finance all of the closing costs (doc fee, flood fee, mortgage recording fee, title opinion, abstract update for final title opinion). 

I rented the lower unit and it paid my mortgage.

It would not make sense to go through the hassle of getting a mortgage on a property (if it even qualifies) just to turn around and try to refi it a few months later.

I am working with a very competent mortgage broker but one who may be requiring too much information to get my tenant buyers into my Rent to Own program. 

I would look for mortgage brokers in those states that you can find who have posted about grants for those states.