These possibilities may provide incentives to these individuals to pursue an internalization transaction, even if an alternative strategy might otherwise be in our shareholder’s best interests.

An alternative is to simply expand the area for the multi-family search and/or expand the time frame.

2) As a second alternative I suppose since this contractor would be no relation to me at all I could loan him the money from my SDIRA for purchase and rehab but structure the loan paper to share profits in some way upon sale again 80/20 for examle?  

Classic negotiation saying, know your BATNA - best alternative to negotiated agreement. 

My favorite is the Black Diamond meeting in Waltham (alternates every other month with their Worcester location, next Waltham meeting is in July).

I no longer supply my home address for them to mail checks or alternate payments. trying to simplify rent collection and eliminate need to physically be present to collect or deposit rent checks...

My favorite is the Black Diamond meeting in Waltham (alternates every other month with their Worcester location, next Waltham meeting is in July).

You would definitely want to check out the Black Diamond meeting in Worcester (alternates every month with their Waltham location but this is a Worcester month).  

I would most likely lease the home but would like to have alternative options as well.Thanks in advance!

Hard Money lenders or private money are good alternatives for no credit requirement.