The OP is referring to a "split" HUD 1 closing statement.

And when you say legwork, are you referring to the oversight of the rehab?

Is that what you're referring to?

If you give me the neighborhood you are referring to and the specs of the home I would give you my two cents on the deal......from initial glance it seems like the deal would be too slim, but your ARV may be higher depending on what you do to the property.

Never heard it referred to as a burn letter.

And, when I refer these leads out to other agents, they often don't convert.

What exactly are you referring to as the "sellers assist"?

For reference, this is a house that will sell for $135k, so most likely a first time home buyer.Thanks!

That is referred to as title "seasoning".

I've referred them to several people but they always say the points are too high, they don't want to put that much of their own money down and need a higher LTV based on the ARV.