So this what he emailed me, 1)investor needs $52,000, for house ARV: 115k346/mo (8%) 5 years or 10% for a year, Full due amount: 72,000, ROI:72% (I dont know where he got this 72% from) 2)he needs $62,000, ARV: 130,000, 415/mo (8%) or 10%, Full due amount: 86,000, ROI: 72% (again, I dont know where he got this 72% from)at this moment, I assume I will be the 1st lean holder on the property, so if the loan defaults, I have the right to foreclose on the property. 

My boots on the ground there works in the bank and at this point one of the properties is only needing an end buyer... actually a buy and holder as it only needs cosmetic work done to be ready for a renter.

Anyway this morning I had to deal with a leaky pipe on the property and I took him out to help, he was my measuring tape holder and apprentice.

One of my goals is to learn and implement the creative real estate strategies like owner financing which I think can help anyone be a better wholesaler/flipper/buy and holder. 

Florida is one of three States that allows the Banks or Lien holder to Foreclose each year, for 20 years.

4) If at some point she stops making payments, the condo would go back to me (and my bank) as lien holders, right?  

Consider also that when you're a RE license holder it can sometimes work against you as an investor because you will have to disclose you are a license holder, or that you have an ownership interest in the LLC or entity involved in the transaction. 

I have been an FFL/SOT for 20+ years.

They will need the account numbers anyway (to verify that you are actually the account holder), so you can hide them, but you will have to give it to them on the application.  

The current note holder does that.