I have personally seen the "Deed in Lieu in escrow" tactic with two different private lenders in Louisiana.

Any insights, advice, or personal experiences would be greatly appreciated!

You absolutlely need to be direct to seller or have close, personal relationships with wholesalers and active agents.

In fact, New Jersey law prohibits you from listing personal identifiers on the form. 

Hello @Yvonne Wang,The scope of work should include the following:- Basic info: Property address, client name, contractor's contact info, address, license#'s, signed general/operating agreement b/w contractor and client- Specification of repairs: Repair item, Quantity of items needed, total & per unit cost of items, taxes (if applicable), Completion hours, title of the person responsible for the repair item, written summary describing the work- Add'l info: Schedule of repairs, additional payment schedule details i.e. disbursement schedule, method of disbursement, deposits, holdback amounts, etc.The screenshot below highlights a couple of repair items.

It is regulated and you need to learn the law before accepting any funds from another entity (person) in a syndication.

Little did I know it would take decades to ripen :)3. bought a foreclosure sale .. traded the house for the 3 acres the person who owned the house. 

@Nicholas Nakamura can you make a trip out there in person? 

@Kyle Cross, correct me if I'm wrong, but I think maybe what you're getting at is potentially pitching to your parents that you would like to take a shot at personally managing the units to gain experience and some form of compensation.

My expertise is deal analysis, buy and hole strategy (creative financing) and personal finance.