This way you can add value and quickly refinance the property.Another piece that can come in to bite you is that most lenders will require skin in the game on a purchase. 

Maybe you could shadow someone with skin in the game.

Sounds good in theory.A lender will look at the interest held, 49% and the debt against that as well as the purchase of the 51%, they may or may not recognize the skin in the game after one year that is claimed to have been circumvented by the paperwork shuffle.

It also needs some color either around that window or in the landscaping.

If there are unauthorized pets and unauthorized smoking, we can often see the evidence in the furnace filter as it traps pet hair and gets a tinge of yellow color from nicotine.

So many people think there are deep dark secrets to REI that they have to pay someone to tell them. 

There are some lenders that may give you trouble as they may want you to have some of your own money in the deal "skin in the game".

Brian is right, the neighborhood of the Cameo house isn't bad, just older, entry level homes built with mainly siding so the upkeep and house color choices vary by street...nothing to recommend the area other than affordable.  

Everyone I have heard of will want you to put your own skin in the game.

Banks want you to have skin on the game.