Something like a personal guarantee, or a promissory note?

The numbers below represent me getting a mortgage for the asking price and I will use 20k cash for the restRent =$1350 section 8 guarantee Monthly Expenses : (I’m leaving out 10% for repairs since things will be brand new) I also leave out 5% vacancy bc I have a good system where when someone’s outs some is in right away1

@Mark OliverI always give 30 days service guaranteed to my new tenants.

Rezoning is time consuming, expensive and not-guaranteed.

Without W2 income and a limited track record I think you may find it difficult to refinance the property just based on the property's cash flow along, they'll likely want a personal guarantee by yourself and proof that you can support the payments if it goes unrented or your tenant doesn't pay rent, etc... 

I am very interested in the proposition as these rent levels would yield almost 20% cash on cash return for the property and potentially guarantee me rent with no vacancy for 5 years.

I'd be shocked if it's a Warranty Deed, I'd almost guarantee it will be a Special Warranty Deed.

They can't make the money to buy it, claim that money, and keep your "guaranteed" payment.You can likely pass inspection.

I don't mind giving a syndicator a return on their efforts but they shouldn't be taking large guaranteed payouts and a huge chunk of the upside.Everything else you listed is important, but I would never invest in a deal that doesn't meet the two criteria above.

To guarantee things to a higher level Id purchase in a good neighborhood a rowhome with atleast 3 bed 2 full baths for over 200k.