I'm still on the sidelines and working with a realtor but haven't pulled the trigger quite yet.

You may be able to find a local bank that would hold the note if you bought it outright, but anything under $50k and most times under $75k is hard to borrow against...it's just too low for a bank to make any money without triggering usury or State/Federal fee limits like they mentioned.

Nelson Nash developed the concept in the early 80s but the product the concept utilizes has been around for much, much longer.Since you brought up term insurance (which is temporary w/ no cash value accumulation or dividends), oftentimes a policy will be supplemented by term insurance in the form of a rider that allows one to increase their death benefit such that they can store more cash in their policy without triggering IRS MEC limits and therefore be subject to tax hits.The concept and its value proposition is incredibly misunderstood (and sadly often abused) but the reality is it works.

I think the answer is for multiple reasons: analysis paralysis, bandwidth, or just simply failure to pull the trigger.

In any event, it sounds like a good price, assuming that the compliance is in order and that nothing is being left on the table.

Curious if you've pulled the trigger yet. 

You'll need a lawyer to generate the paperwork and filings and experienced enough to give you general advice on the process, help you establish appropriate compliance and back office procedures.

I’ve been doing some due diligence on a few syndicated deals recently, but haven’t pulled the trigger just yet.  

This document officially releases the property from the lien created by the Deed of Trust, and the borrower regains full ownership of the property.It's important to note that the specific terms and legal requirements for Deeds of Trust can vary, and it's advisable to consult with an attorney or a real estate professional in Texas to ensure that all aspects of the transaction are properly handled and in compliance with state and local laws.

I've prepared an LOI and want to pull the trigger, but nervous.