The HOA I worked for previously did this, put a little bit into bringing the unit to a condition it could rent and tried to recoup some of the long past HOA dues.The tenant that was put in place was given full disclosure of this so they were not surprised when the 1st position lien holder started foreclosure.  

If I sold a front-end partial, would the note buyer get put on the title as a 1st position lien holder?

Can anyone provide a referral to reputable hedge funds or other note holders similar to Kondaur Capital seeking to offload notes on an one-off basis or on a bulk basis?  

Contact the license holder and tell him the situation.

-----------------------TERMSFOR VALUE RECEIVED, the Borrower promises to pay to the order of Lender, at its principal office located at ________ or at such other place that is designated in writing by the holder hereof, the principal sum of XXX Dollars ($XXX), together with all charges and interest herein provided, payable at the rate and in the manner hereinafter set forth:Borrower shall make the payments of principal and interest at the rate of TWELVE PERCENT(12%) per annum based upon a twelve (12) month term with the period starting from the day the amount borrowers has been deposited into the Borrower's bank account estimated to be on 2/20/17 and the term will end 6 months after on 7/20/17.

Following that logic all IRA and solo 401k holders living out of state would have to register with WI Financial Inst. dept. if their retirement plan owned real estate in WI.

If you are actively generating leads, this will conflict with the duty and responsibilities of the license holder.

B2R seems to be OK with a loan for the 20% down as long as there isn't a second lien holder, but they would have to source the funds and since those would be coming from my relative's IRA, they won't have been in the lender's bank account for the two months' seasoning.

I'm looking to network with potential buy and holders in this area and speak with people who have interest in acquiring more buy and hold properties.

That being said, if the funder is able to hold a mortgage, did you also find something hazardous with the approach of setting up an LLC, using funder money to purchase the property and then simply paying the funder back; he being the mortgage holder?