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.

It outlines what the tenant may and may not do and therefore provides a basis for you to evict them if they don't follow the lease.

With lower Risk, you increase you chances of success based on anaylisis outlined in your personal plan and goals.

Do you have any sort of agreement documents outlining when you can pull your money out, quarterly update requirements or anything?

Personally, I completely renovate most of my properties, so it really doesn't matter to me what condition the house is in...I'm going to be replacing most everything anyway.Again, I can't speak for others, but that's my experience.Now, if you find a home with structural issue (or perhaps serious moisure/mold issues), that may be a great opportunity to bring in a licensed engineer or specialist to diagnose the issue and outline a solution.