Another alternative would be to get yourself a buyer agent for this one specific property and have them submit a formal, written offer with a deposit, not just an e-mail with an outline.

Yes, I'd suggest you follow the mechanics outlined by Jason, but it will come down to which investment is best for you and determining what you must have as profit for your time.

,That is precisely what I was outlining for you.

Shannon, Copying word for word other's work should not be done, but there are ni issues with with following general outlines as a business plan is in the public domain just as a resume would be.As you look at a business plan try to look at the overall topic or issue that is expressed and adopt it to your specific business.A pro forma statement for example is a financial statement that predicts future performance.

So if a broker puts his "stamp" on a note, does that mean the broker has has done all the steps you outlined in the above post?

You want a promissory note, drawn up by YOUR lawyer, outlining all the terms.

Although, how they make that money can be very different from the strategy that you outlined.

If you have a binding contract of any sort and it is specified that it is assignable then, yes, you can assign it.If you are referring to an Letter Of Intent (LOI) or some variant of an LOI where you are just outlining a possible contract then, yes, you could assign it also but its not binding so its value is minimal.Assignments are normally done when there is a binding contract to purchase a property.Earnest money is not required for a contract to be valid, and I rarely give any earnest money when buying.

Get pre-qualified for your purchase then have the mortgage banker outline your plan for investing.

But the thing to remember, like Wheatie said, is that it is completely outlined in the civil agreement between the two parties. 99% of institutional mortgages have a clause outlining what “Due on Sale” means and the ramifications for not complying.