Several ways to skin that cat  ;)    With the DSCR lender, you could close directly in your LLC and it would not report to credit.

With a private auction of an already foreclosed property, you will usually be allowed as part of the closing to have a title search done and to buy title insurance.

In the end we had to pay to turn the space back in to a white box/shell and closed with basically zero physical assets.

Or even just use the FB group where people bring deals for a finders fee, you evaluate and then pay a % to a TC to help close the deal.

If I understand correctly; the seller would receive 80% ($40,000) directly from the mortgagee at closing and would enter into a personal agreement with me for the 20% down payment ($10,000) in which he would be reimbursed separately from my mortgage payments at a separately agreed upon rate and term?

Congrats on the pending closing!

I believe they are recouping costs associated with loans they don't close.

So the first seller agrees to direct title to holds the funds and when you close on that purchase you record a new note for the first seller on the second home.

Have your closing docs out and know what ratio the county assessor applies to land value (ie 300k assessed value, $50k land =1/6). 

I'm having to offer this as a fully furnished house to be able to charge a premium on rent just to get close to the mortgage.