On our 3rd party financing forms it has space for 1st and 2nd loans. 

That's the part I was trying to avoid, especially as an out of state investor.Still, I appreciate your reply, definitely something to consider. 

I would guess that successful arbitrage arrangements are fairly rare but are possible if you are able to provide value/service to all parties and all aspects of your business

I feel that if both parties understand the risks; if real estate investing is their business, if both parties are sophisticated and experienced investors, and both decide the risks are worth taking, then subject to can be a workable tactic.  

Second, ALWAYS utilize a third party escrow company to keep the transaction as arm's length for the purpose of records and refinance with the bank later to buy you out.  

BP’s team has let me know that I may not attach full third party market reports due to my business phone number which appears on the market reports, so I have parsed some of the market data from them to include in this post along with data from the MLS which was pulled on 4/17/2024. 

They don't work with everyone because sometimes the chemistry is not right between both parties, this is highly respectable in my books because it shows they aren't only looking out for their own interest but also the investors.

This home can't be used for parties or events."

Some people are OK with that, but I don't love that they have so much financial information about me and are selling it to third parties. 

In addition you need to do a 3rd party home inspection & get an appraisal.