Pre-paid Discounted Lease
I found a peice of income property that the owner occupies abusiness bldg,and has seven res. rentals on ****Must Reach Senior Investor status before posting URL's***an Igive the owner a lease at a very substantial discount and they subtract the amount from the purchase price.(still cash flow left to cover mtg)Would a lender look at this as my equity to approve ****Must Reach Senior Investor status before posting URL's***ying to do no money down.A new mortgage would cover all cost. 
Equity is equity. But when you are dealing with commercial properties the cash flow is one of the tools used for the appraisal of the property. If the cash flow is lower so is the equity or appraisal value. You may want to change it a little like a prepaid situation with higher numbers or cash back every month, etc etc.
Good Luck,
Kyle
thanks for thought ****Must Reach Senior Investor status before posting URL's***his property is under utilized,I figured if i could control it i would have the time to figure out what to do with ****Must Reach Senior Investor status before posting URL's***hanks again.