Set up whatever will work to make the deal attractive to the investor!!  

The property I purchased is in South Yarmouth less then a mile from the water and local attractions.

@Francis AI have never used Costco before but did have great success with Zillow.http://www.zillow.com/mortgage-rates/Beware you will likely have to submit most of your docs online and may never meet the lender, but you will get a very attractive rate and program, so if a do it yourself isn't for you, then find someone local.Hope this helps!

The downtown homes would probably not attract the greatest tenants, but the ones by the University should attract students.

Any tips on language to use to attract families?

Right now he is negatively cash flowing so the prospects of him still having a stake AND positively cash flowing should be attractive.  

You can pickup new starter homes in mix white/blue collar emerging neighborhoods in southern states like Tennessee for under $200k that will attract high income tenants. 

I have a great deal so how can I attract  a partner to help with monthly payments and closing cost, I have been approved for a new construction loan but I am shy of $50,000 for the closing, how can I fund this deal for a partner to cover monthly payment and the closing cost 

I'm in the midst of learning more about them so I can craft an attractive offer.

But he also does what you probably need to do he upgrades the units.. he like's his property to be very well maintained and attract best tenants other than other landlords that just do the minimum and usually attract lessor tenants..