That said, my current realtor and my last have both been surprised by me proposing such inspections saying that nobody has these inspections done on these old properties (1952) that I'm looking at.  

I reached out to someone today who sent me a letter and he would like to buy it subject to.There is a loan of $185,000 on the property in my personal name with Wells Fargo.Total rents are $3,010 a month and the mortgage payment, including mortgage interest, taxes and insurance is slightly over $1,800.He proposed paying me $10,000, taking care of my listing agent and paying all transfer taxes.We would transfer the deed into a trust that he is the trustee of, sign an agreement that if he missed three payments the property would come back to me and an agreement for him to sell or refinance within 5 years.The guy was calling from addicted2realestate.comAssuming I couldn't net more than that by keeping it listed, where is the risk and downside to me?

So the problem being addressed by this proposal is mostly for low cost areas where the loan limit is super low.

@Jacqueline Gardiner I recommend you consult with an attorney on the proposed 1031 transfer from funds held in your individual name to a single member LLC. 

Since you are interested in fix and flips, I propose the following action plan.

@Jennifer Strickland Since you are interested in fix and flips, I propose the following action plan.

Account Closed  LOL anyone who things there are work arounds and short cuts for FHA loans has been living under a rock and hopefully my comments will spark some interest to understand that what they propose is not really feasible unless you find that RMLO who wants to wear some stripped cloths.I know a few.. who went that route took the feeds 5 to 7 years but they are now incarcerated. never would listen to me.

Agents from both sides spoke on the phone and buyers agents proposed extending escrow time and allowing change of lender if renter did not leave in time.  

.• Located in an area with investor friendly taxes and legislation - Taxes include both state income tax and property tax.

Can I propose a master lease option with the current owner if I can secure $15k down through private lending?