If my partner and I purchase the complex, do any finances with the complex transfer over to us?

Owner financing?

@Kyle HendricksNo - my priority on a seller finance deal is putting as little down as possible.  

Construction loans are different from financing rentals where the lender’s involvement is often limited to collecting annual financials, tax returns, leases, and insurance renewals.

If you and the property qualify for traditional financing that should be far and away the best financing possible. 

You probably need to buy off market, if you are looking for cash flow.Click to enlargeLeft Side is buying using a bank - - - - - - - - - - - - - - - - - Right Side is buying using Creative FinanceIf you are new and looking at buying a property or a house, or other real estate, I’d compare cash to financing, to offering creative financing to the owner.

If you'r using a broker who's always bringing you the most competiive financing they likely will try to keep it at two points "all in".

For private seller finance lenders, how do you track the payments and loan amount? 

However, I have expanded into property management, flips and now I even help people educate and sell their houses with owner financing so they have a steady stream of income.

Or would the IRS treat this as a partial exchange due to the owner-occupied unit?