I somehow missed that in my original reading, but it immediately struck me when I returned. 

Originally posted by @Wayne Brooks:If the fee is contingent upon a closing/sale, yes. 

Originally posted by @Jon Holdman:@Jay Hinrichs how is your buddy doing with those? 

@Joseph Braun I’m originally from Baltimore and yes to everything @Nicholas L. mentioned.

Changing the deed into an LLC will probably prompt the mortgage company to call the loan - you will have to pay the loan immediately because the property is no longer owned in the same entity that originally got the mortgage.

Financial predators who realize up front that they are not on the note and have no risk to their credit  rip rents with no intention of fulfilling the contracts and original seller gets wiped out.

Originally posted by @Russell Brazil:@Carl Richardson The only work around I see is hiring the "bird dog" as a personal assistant.

Originally posted by @Arnie Abramson:Not in Texas. 

He would try and sell that original loan to investors so they could also fund the draws but he got caught in interest rate spikes and left a lot of people high and dry as he was writing loans at lower rates and when rates spiked the loans were worth a lot less.

You will need to keep 15-35% of the original capital in the deal, likely.