If your return is average say 10 to 12%  then you can't really offer that amount there would be nothing left for yourself..private investors for long term buy and hold are best brought in on the equity side

Troy brought up flipping which may be a good choice depending upon your availability to manage the project.  

Investors brought their deals to the sharks for a JV opportunity.I don't know about other meetings in the area.

I just pulled out a shed, brought in 3-4 pickup trucks full of dirt and installed a fire pit at my personal residence.

When I brought my primary home (used to the other as the rental) the bank wanted six months reserves, plus a lot of extra paperwork.  

@Brandon Turner You're actually what brought me here.

I need some input from you pro's, I am bidding on a Fannie Mae house but I've never dealt with FNMA before and the agent I am using is very green so provides very little insight, but she brought the property to my attention so I feel obligated to go through her.

I plan on doing my due diligence regarding both parties, and establish month to month leases, with the lower unit being brought up to $150 below market value for that unit (equal to the upper tenant), which happens to be a two bedroom.  

What I did was perform a fact finder, then I brought that to my manager and he brainstormed solutions, then I learned how to do that on my own.I recommend you find a coach - mentor in San Jose CA to do something similar.Here are some marketing to home seller forms.http://www.jotformpro.com/form/42226690391960Best of luck!

But to be honest although I have been approached by many "wholesalers" none ever brought me a workable deal.