It’s a probate deal with 7 siblings involved.

I have a down payment and am ready to get involved!!!

As for the paperwork, it will depend on your local area regarding the wording on the documents and what's involved.

For example, it could be like 2% interest or amortized over 40 years or something that really makes it worth it.And the other point you made is that with any balloon payments involved in a seller financing deal, I need to absolutely make sure that I can get to 80% ltv (or whatever % that is to refi out).

However, according to our By-Law/Master Deed, Garage is considered a part of "Limited Common Elements".Specifically, from our Master Deed: The Limited Common Elements of the condominium shall include any deck, patio, stairs, or garage to which there is direct access to that unit which is appurtenant to same, or any car port to which a Unit has been assigned....These Limited Common Elements are reserved for the use of the Unit(s) either immediately adjacent thereto or for the use of Units to which they have been assigned, to the exclusion of all other Units....Any expenses of repair or replacement relating to said Limited Common Elements, or involving structural maintenance, repair or replacement, shall be the responsibility of the Association, excepting for costs necessitated by negligence, misuse, or neglect of the Unit by a Unit Owner.One day, someone (not anyone I know) likely backed into our garage and crashed the garage doors.

Any Jersey Shore vacation rental owners/flippers who have ever dealt with a renovation that involved raising an existing structure would be of great help as is this would be my first renovation involving a home raise.

Real estate involves learning the rules of the game, strategy, team building, winning, losing, over coming injuries, being yelled at by a coach, discipline, scoring that game winner, etc so there is plenty of connections one can make.

Yes, there are commissions involved and make sure you don't pay anything like an application fee up front, but it's not wrong to pay people for their service (one of their services is getting your loan to the finish line). 

When a tenant tells us they would like to get attorney's involved, we always tell them "then we have to stop this conversation and pass you along to our attorney".

It's amazing how many REI think the only one that has any value/risk is the one putting in the money.Each property demands a lot of work, research, constant oversight, and time spent on deals/properties that also involve properties that never get offers made...and a lot more.When the money is in, especially the DP only, that money is usually recovered by that investor very quickly from their share of the cash flow, and they have nothing at risk once that takes place...and, no work to do.