“Close deals while sipping margaritas on the beach!”

Never lend far from home.If you don’t have enough money to lend locally in first position, you don’t have enough money to lend.

While the post was intended to reference residential tenants, many of the same themes can still apply in your case.

While we need massive reform in lending and solutions for home affordability, that ain't it. 

@Jesse Stephenson while you're right that the mortgage is not in the OP's name, if either the OP or the former owner don't pay the mortgage, OCWEN will bring the property to Sheriff Sale and name both the former owner and the OP. 

@Mark Toweya couple things - from the seller's perspective, it means the seller doesn't have to wait the full 30 years to get the proceeds, and from the buyer's perspective, hopefully in that 5 years appreciation and maybe some updates have increased the value such that when you refinance you don't have to bring any additional cash.  

My point is, you are on the right track with your thinking, so now to the "HOW" to actually get in, if like me, you don't have an in or connection.First step is likely to get licensed, if you aren't already there are some other ways to get in the door and be helpful but licensed means they can pay you cuts of the deal and its less upfront cost and risk to them in helping you out.  

I sold C#2 while it was vacant.

We will likely have to make an adjustment at some point, and I would rather perfect our systems while we are small.

If we don’t learn from our mistakes we will have failed twice.