Please remember that when speaking with individual LO's you're going to get a wide range of what is "acceptable" because their individual lending source may have certain restrictions known as investor specific overlays that will trump or add more layers of requirements above and beyond what may be a fannie mae/freddie mac requirement.

I'm surprised the LO didn't catch this and had to go as far as you did. 5-10 properties no cash out allowed...

Many are terrible.I prefer to have the LO seller call me if there is an issue with a TBer I put in the property.

@Chris, I will check with the buyers bank (as they all go through LO's that i know can speak openly with) and see if they allow assigning of contracts.@ Andy he knows that I am making a profit however he doesnt know the extent of my profit, which is the problem that I had with the original Private investor that I use for the past year and half..

I just talked to a man who responded on a l/o ad.

Anyone gained control of apartment blocks with LO s?

I've completed a "fee simple" sale so I'm not going to run afoul of state laws on L/O, I'm out of the landlord business and the buyer has the advantage of building true equity.

For people like I who wont be able to do fix and flips in the near future is wholesaling and possible L/O the route we will be taking?

With any sandwich l/o, you will need the lease payment to be a bit less than market rent so there is some left for you if you plan that as part of your fee.

A CFD or L/O you'd buy the property subject to, it's not just "buying" the note.