In some locations, this sort of lease back arrangement has ended up in front of a judge, with the judge ruling the transaction to be a loan in disguise.

Arrange a face to face meeting with the tenant as soon as possible.

As for private lenders, that's a different story since they are individual people who may be happy with the arrangement you propose as long as their investment is secured and they receive the return you promised.I would think that the rates you would pay a private lender would make the investment a loss since you're going to be paying a higher rate.

If the call goes well, then you arrange a time to go walk through the property. 

Thoughts on this arrangement?

Why do they have an issue with this arrangement?

I would suggest that you have the title company arrange for the seller to sign.

I am curious, are you flip deals JV with private investors, or some other arrangement?

Ive been contacting the tenants and am trying to arrange meetings for today and this weekend.

One of our local reps from Wells Fargo can even make the arrangements to send a banker to your place or work or residence to get the bank account documents signed.