Specialty firms typically referred to as IRA facilitators and advisors perform this type of legal service.If you qualify as self-employed and have no full time employees, a Solo 401(k) is also going to provide checkbook control, and as a retirement plan has several advantages over the comparable IRA LLC.

There is the "delayed financing" option but the issue you will run into is that if you did not season the funds from the personal loan into your account for at least 2 months, the loan will preclude you from the exception and you more than likely will need to wait for the full 12 months to season the ownership to be able to use existing value rather than purchase price. 

@Calvin Liang The only reason syndicators (full disclosure: I am one) are selling in 3-5 years is to be able to share in the promote i.e. disproportionate share of the profits due to the syndicator putting together the deal. 

At that point your friend is paid in full and the new lender has a lien in first position. 

I saw all the unused space and found a place to add a shower to make a full bath.

I'll be napping in the meamtime.But the last 3 dogs I sold easily by owner for full retail should have given me a clue :)  At least you didn't buy bitcoin at $19k.

To make a long story short the renters where horrible and no one was taking full responsibility of paying the refi.

Feel free send a PM if you ever want to talk further; our agent business focuses on working with investors for acquisitions, and we also have a full service Property Management company.

He said many of the other employees began to display an envious disdain for what he built for himself leading up to the time he left the job to be a full time investor.  

Building equity and won't be paying a dime, downside is a very full house but I personally enjoy it.