Can you use this equity to offset your lack of funds?

Maybe if Bill Gates, Ted Turner and Warren Buffet were funding the project it would power through and be a success.I completely agree that it would be an amazing tool that would totally change how real estate is bought and sold, but the logistics and legalities would be unbelievable.

What is your projected IRR and how does that compare with other options like stocks or bonds?

Home Depot is too so the maintenance and "stopping by" to check on it shouldn't be a problem.I plan to use the remaining equity in the soon to be rental as my emergency fund by refinancing with a first and a home equity line of credit to be tapped if/when I need it.

I am looking for a partner for funding.

I am an investor looking for private funds, not hard money..

Also, I can probably start a foundation and pass funds through it so I can then offer it as a grant to my non-profit organization.

Most commercial lenders are not so much concerned with the borrower's financial record and qualifications as they are about the mortgage property value.As opposed to banks, commercial lenders are able to give funding commitments in a relatively short amount of time.

Also, put in a contingency: Subject to my funding partner's inspection.

Also, the term seasoning is used with regard to down payment and reserve funds being in the possesion of the borrower for a minimum of usually 2-months.