Board has been trying to raise money for years evidently to fix structural issues and no one wants to pay.   

I'm also confused as to what type of refi structure I should go with? 

And if so how would you structure the partnership as I would be an out of state investor(I live in Seattle)

Appreciate the follow-up Nicholas ...We started down the road of involving an agent, but it's premature to be looking at the listings being sent if we haven't pieced together how to structure the finances. 

On the flip side, it seems like there are a lot of "wholesalers" who are just trying to get around normal licensing requirements, in some cases with the specific intention of exploitation.If you're upfront with both the buyer and seller and you actually intend to follow through on the purchase whether or not you can assign it, then I think it can be a useful way to structure a deal and there's nothing wrong with it.

Based on how a normal deal is structured, the cash on cash return in minimum at best.

I'll end up leaving about $10,000 in the deal, but it's a solid long-term hold that I'm unlikely to worry about structurally for many years.

It is really helpful to plan with both of them together to ensure your entity structure makes sense for the way you are running your business.Are you near Chicago or which part of Illinois are you in?

Reference HUD SFH 4000.1.However, you could buy the existing property that has a residential structure using a 203k loan and use other $$$ (not 203k loan) for the geodesic dome. 

Hi! I’m a new investor and have been contacting private lenders to form relationships. I talked with one recently who was very straightforward and said he’d be willing to lend half of the property’s current value at 1...