Pretty sure that would be seen as fraud if uncovered.If you think the private lender might refi the loan with a better rate...

That sounds like you might have committed fraud.

In your mind you have created an extra layer of litigation protection but to accomplish this you have hovered around mortgage fraud & added a risk of the loan being called.

If you put a conventional loan offer and VA loan offer that are otherwise identical in every other way in front of a seller in the Austin area, I would expect the conventional offer to win almost every time.

I actually just read an article to inform myself and it seems that banks use more than 1 method to determine the value of a property such as this one.1) They compare to other similar buildings2) They calculate how much it would cost to build an identical building3) They use the revenus and expenses (this method gives the lowest result)Perhaps my real estate agent was considering some of the other methods and took into account it's amazing location and the actual municipal valuation.

Looking in G'ville and Jax.I would think that all Realtors are good. they have a licencethey have been trained in the ways of representing others for a feethey have to go to continuing education coursesthey are regulated by the statemost are bonded and have error and omission insurancethey are members of the local MLSmembers of Boards of Realtorsthey are motivated to earn income from listing and selling real estatemost are not real estate investorsmost are sincere and anxious and ready to earn a commissionLicencee are trained to represent others for a commission and to protect the public from fraud. 

A checkbook IRA is nearly identical as an investment vehicle.  

What I like to call "mortgage fraud made easy."

You will at least match the market, cash flow will go up over time etc.I also think the Turnkey business has a high propensity for fraud. 

And lets not forget about the real estate crooks that ended up in San Quentin  for securities fraud know a few of those.