And the 50k left over will be savings available for any carrying cost that a loan would not cover. 

I would carry the mortgage in my name (80%). 

The one I’ve used would be too high interest only to carry much of anything for 2 years 

Either way you get your share of depreciation (100% in the case of sole ownership and whatever %% of ownership you have in a syndication).For example - non-real estate professional:W-2 income : $90KRental income: $10KDepreciation: -$40KNet rental income (loss): -$30KNet income: $90K-$25K (max limit)=$65KExcess depreciation: $5K - carry over to the next yearIf income goes above $150K, the entire $30K passive loss becomes suspended until the property is sold.Ask a CPA for more details and explanations

On the other hand, you could buy this with a combination of institutional financing and Owner carry.

The only difference would be your carrying cost.

It is not yet on the market.We found a home that I think could make another really great slow flip opportunity, but trying to figure out the logistics of buying/selling at the same time.We would not qualify for financing to carry both mortgages simultaneously.

So i recently decided to list the property for lease on CL too see maybe if renting would be an option instead of accumulating all this carrying cost I’m having to pay each day that passes by.

Short anwer, Naborly does not check for evictions on the free local websites of courts that carry out evictions. 

@Eduardo Paz What is preventing you from buying the one property cash today and then refinancing it in a few months and then carrying on?