If there is anything given as a credit or consideration of any kind, regardless of what you call it that reduces an agreed price, you are financing, that's pretty simple as well.John Jackson doing L/O gives a credit to settlement costs, he's not reducing the sale piece, that type of credit should be fine.If any security interest is held in an installment contract (it is since title doesn't pass until performance has been met) you will have a financing arrangement.As to any service, I have spoken to a member here about an "origination" service, it is needed, that is not put together over night.Another way for SF deals being made safer for the lender is to lock in a graduated note purchase agreement in the event of default, I don't mind putting the arrangement out there since there isn't anyone who could throw that together over night either, it is similar to PMI but it is not insurance.

Of course, buying sub2 then selling by L/O has it's own risks.

Can someone tell me if this is required when doing a Sandwich L/O? 

buy on a LO?

Todo lo mejor...

Todo lo mejor... 

You have a lot of moving parts here so give me more info or just ask your LO as they should be able to answer this question faster.I hope this helps.

Quick flip, sale or even some light rehab with additional agreements to do work, a L/O gets you in cheaper, there is no settlement cost to get in.

I'd use a LO but that's probably just because I'm familiar with LO and I've never used a wrap.

I would not put 5% 'down' for a 3-yr LO.