I have saved a good amount for a 25% down payment and have been prepping a commercial lender to work with me once I find a deal.  

I j have been through eviction process several times but it was for no payment which is much more cut and dry and simple...I'd be interested in hearing what others have to say as I am not sure what the cause for eviction would fall under in this case? 

The only way your should consider this is a direct payment to the IRS from the proceeds after funding

Next go to a bank and talk to their commercial lending department, then offer accordingly so your cash meets the down payment required.

I proposed we split the down payment and closing costs 50/50 in exchange for a 50% stake each in the equity.

Financing that entire purchase price at 5%, which is reasonable for seller financing, will put you at a monthly payment of $4,026 a month, or $48,312 a year.Private lending is usually short term debt, 1-2 years.

The owner can do an owner refinance but her terms demand too high a down payment of $50,000, with a 5% interest rate amortized over 15 years, with a balloon payment of $165K after 2 years.

At this particular point in my life, I am not going to be the one who has the money to put up big down payments for properties (students loans), but I am attempting to form a team that would be willing to work together to make our collective dream happen.

They now have title subject to the 1st mortgage and also would be liable for ongoing HOA payments.

This is what I sent them:Offer is for a purchase price of $128,000APR RATE at 4% on 30 year fixedTotal cost of mortgage to us $219,993 Monthly schedule payments of $611Since they bought it for $36,000 back in the 70s, I figure there was a chance they probably refi or something, which I got a reply from them that yes they do have a mortgage on it and that yes they are interested in learning more about the possibility of selling it as Owner financing.So from what I picked up of all the threads is that LO or Sub2 is the way to go, I welcome you to take this post and chop it up.