What I was referring to was that I know two private lenders who have the borrower complete the Deed in Lieu documents at the Closing of the initial loan and then hold them in escrow during the life of the loan.

Try looking for lower priced mobile homes on private property that need to be moved. 

We managed to bring the property down in price, overcome objections, and navigate the eviction battle, and in the end, it paid off.The key takeaway here is that if you’re a true cash buyer who can work with private lenders, you can survive long, drawn-out processes like this.

--------------------------------------I don't think it prevents you as an owner from initiating the action.Personally, I wouldn't have any moratoriums on private transactions.  

I used to provide detailed answers to DMs, which are private and help only the requester.

Also  American association of private lenders is one trade group,Thanks for the response, Chris.

Facebook is the last place you want to find private money. whats unfortunate is real estate professionals are still advertising to us newbies Facebook is the place to find the lender.Who said that?

Unless you're working with Private Money that is going to carry the risk of your lack of experience, banks want to see experience, Net Worth and liquidity after close to consider the terms.I started with single family, four plexes, and remodel flips for a lot of years before getting into larger deals. 

Very unlikely unless you find a private lender/individual to do this as a one-off. 

I am confident that I will be able to refinance the remaining seller note principle with private money to allow me to hold off on putting more money in the deal.