The reason for this, is the variable work, to put it simply is, A LOT OF WORK.

There are ways to use loopholes but it has to be done correctly to avoid issues.If you can rent your current home and it cash flows simply do a cash out refinance pull out some cash and use it for a down payment.

At one point, I was even accused of being unprofessional simply for demanding answers.

The other option is simply charge them $X (equal to one month's rent for example) and if you find a new tenant sooner, then keep all of that money as it is a fee for breaking the lease vs the first where they are paying rent.

In my latest sale, even though I could have easily added the egress for a 3rd, my agent simply planted the suggestion for another bedroom in the ad. 

Or local only investor who is well known in the community can get those from banks thats why you see this huge amount of HML PML entering the space since 2010 prior to 2010 there was a fraction of the amount of HML pML as there is today.

Thank you for taking the time to reply - in fact, I was just thinking about this and yes, I believe that I would - the reviews and information that I have gathered all suggests that the businesses in the area are simply awful - and it would be interesting for them to have some competition.

Quote from @Grant Tyler Short: So you think it's wise to advise someone to enter into an agreement where they have $606 after tax dollars to spend on the rest of their living expenses?

Or you simply do what wholesalers do and send out mailers offering to buy the note.

They will verify what we send, and if they agree, we assign the contract to their company & we enter a JV agreement with them agreeing to split the profit 60% us, 40% them or 50/50 depending on the deal.