I always make my contracts assignable..but the only person I assign them to is one of my companies, etc.

The local bank you spoke to is not the only bank.  

While I agree with all that has been said about your overreaction to a request for a receipt, there may be more here that you need to pay attention to. Is

or do I not and if not, how to I put it into my books as part of the cost of the house and rehab to get it rent ready?

What you showed still needs a backer material to attach to.  I

Using "Subject To" is unlimited.When you sell using a Wrap, the loan still shows on your credit report.

I just wanted to know Ignore that was going to I be an issue.

One possible option Johnny is referring to is a DST.

It just made too much sense not to. I

Ellie - obtain the funds needed to acquire the property  from friend / relative ...pay seller the  cash ...have a private note set up between yourself and donor)   with specific  terms  for repayment ...make sure the  rate  agreed to is  a realistic  market type rate ) and also make sure that a formal lien is  filed for the loan  and also make sure you formally go into the title  .........I would suggest making a separate agreement / arrangement for the  funds  you are  borrowing for the  construction ......