Any advice on how I might negotiate my way into an incredible deal?

They'll also lend rehab money and convert to a 30 year.You might want to start this thread again and get feedback on the deal and your approach. 

Not ideal, but did the job for now.I'll ask around here (NJ) on the contractor partner approach and see if anyone is using this angle to pick their brains as well.

So your intent must be to rent it, or make a loan where proceeds only pay down the amount owed, you can approach the bank with either option. 

Brenda Houghton, RealtorKeller Williams SouthlakeThat sounds like a fantastic approach, Brenda.

I was approached by the Housing and Re-development Authority in my home town where I had bought the house 5 years ago for $25,000.

This is why wholesaling is a much easier approach.

You must eliminate your personal debt after this is accomplished as it's an incredible waste of resources.

This help here has made it clear that it seems this entire approach  would be co- mingling, and this isn't visible.

I sought out to find my own references, but wasn't able to find any (even after posting here on Bigger Pockets).For the time being, I'm sticking with a simpler approach of having a good Umbrella insurance policy and one LLC holding the few properties that I own.Would love to hear what you end up doing, Jessica S.