Find a multi-unit owner who has paid  off the property free and clear and is willing to be the bank for you. 

The developers will be clearly taking home a lot more of the cash.

If things are not done clear and legal between you and your brother on this deal it could be the cause for a family feud. 

Ask the agent if the owner owns the property "free and clear" and "if they would be open to owner financing".

Steps: Sign up for a class, complete the online application with DBPR, sign up for background screening, complete class (DBPR has to clear you before you can test), take state exam, join brokerage, broker submits your application to state to join their firm, license becomes active (you cannot sell real estate until your license shows active with a brokerage), and then join Board of Realtors for your area. 

I have a business partner that has several properties he owns free and clear that he got certified Section 8 in Class D areas that are returning 2-2.5%. 

@Joseph Gozlan Thank you for laying it out clearly for me, that's a very interesting way to look at it. 

Thanks Charlie,I should have been more clear.

No doubt there.I could contact foreclosure attorney or bank but once’s its back on there radar, I don’t think they will cut me a deal because I found it for them?

Hi @Michael Boyle - at that CAP rate clearly you will be making money.