The seller may be the initial trustee, however my S corp is substituted in as trustee within a short time.

Just substitute "LLC" for "Friend" and you can use the same method to your advantage.  

Using the “Cost of Goods Sold” account type as a substitute for “Property Costs” works wells for me.

The cleaners and handyman are just not going to substitute for yourself as ultimately they don't own those properties. 

These tactics might offer substitutes for conventional financing.Good luck!

Deals aren't a good substitute for time in the business, because a lot of things happen with the turning of calendar pages.Just my perspective.

So the POA serves sort of as a substitute for endorsement.  

All had the same ratios and are pretty close in actual dollar values.Now for the example:  1250 sq ft 3/1 SFHPurchase/Refi$43,000      Total all in cost, paid with cash$60,000      Value after rehab (we're splitting the already finished attic bedroom (12 x 28)                    into 2 bedrooms)$45,000      REFI loan based on 75% ARV/LTV (2 months from original purchase)Cash Flow$1100         Rent/month$  445         T/I/Repairs/PM$  238         REFI on $45k$  417         Cash Flow/month$5004         CF/Year...then we take the $45,000 we got from the REFI (which is all of the cash we originally put in) and reinvest it in the next house...which based on the offers accepted this afternoon looks like a house right around the corner from this one....and we'll get about 9% return in cash each year, and we're starting out with $15,000 in equity.In the end, all we're doing is using/moving these funds from house to house, substituting a refi loan (that is covered by the rents), and never really spending it since when we refinance the last house in the string...we get the cash back that we started with, plus all the rentals delivering cash flow to us.Since our lender will let us carry up to 10 loans, meaning we used the $45k 10 times (getting it back all 10 times), what are the returns on this as you see it?

Of course, you will want an insured closing (with a loan policy).Keep in mind...the best paperwork doesn't substitute for due diligence on the deal. 

@Ikaika FarmerThere is no substitute for living beneath your means, taking your extra money and getting it to make more money while you sleep.