Was your syndication seminar last month instrumental in pushing this deal through? 

Acquisition of debt instruments would not qualify, even if those debt instruments are secured by real property.https://www.law.cornell.edu/uscode/text/26/514This is my profession of a dozen years. 

well in most debt instruments non payment of tax's is an event of default. check your docs and see if that is the case if it is then see what you have to do to foreclose on a land  contract.. each state is different. 

Isn't this some kind of fraud with a financial instrument?

If you realize that you take a serious emotional toll if your portfolio value goes up and down, you need to asset allocate more to less volatile instruments like bonds. 

I can see if they buy the property in a co owned LLC with no debt instrument then in the operating agreement you just spell out the deal.. 

@Jamie Adames for most of this I would probably defer to a title company in case there are any laws in your state that I am not familiar with but in general you would need 2 items:Note - the agreement you would have between the two parties outlying the terms of the loanFiling Instrument - In Texas, it's the Deed of Trust, but this might be different in Massachusetts. 

@Lauryn MeadowsSmartest thing you could do is utilize a little known alternative funding instrument sometimes referred to a a ROBS transaction or rollover as business start up.

Hope everything goes well for you and definitely keep leaning on BP, people on here have been instrumental in my just starting out journey!

Do you have enough capital to enforce the security instrument?