There's a little more paperwork on your part, and you won't be able to hold the deposit (if that matters to you), but it does take a lot of the risk off your shoulders. 

(p.s. if you are buying an existing home expect there to be problems. no home is perfect)(30 days out)Step7: After inspections you and your realtor need to sit down and begin the negotiations. nothing is off the table here!

As a collateral, I need to add his name in the title so that I pay off the amount when I am selling the property. 

how can I utilize my realtor to find off market deals?

Being in your 30s you have the time to pay off that type of property. 

Cash drag being the time between when a loan pays off and when the money is deployed into a new loan.I also like syndications.

Happy to bounce ideas off of each other. 

Can I still use this home’s equity for other deals while the buyer is paying it off in the next few years?

Turnkey or close to it B grade should not be too far off a 1% rule property in Baltimore. 

Thank you for the response; I will propose a cash-for-keys trade-off.