I find this interesting, because most states do not look favorably on people motivated by profit to engage in multiple contract for deed transactions to avoid licensure as a lender.

By having someone consult you this does not guarantee any of the advice provided will lead to profit, I'm sure you have to sign a hefty liability waiver before engaging in such service.I recommend you stay on the forums, network, and learn.Happy Hunting!

Spend 30 minutes a day on Bigger Pockets by connecting with “colleagues,” perusing blogs and videos, and engaging with others on the forums: http://www.biggerpockets.com/meet 7.

I only lend money now.. so I never hear about the 3 T's or any of that stuff anymore and it does not matter if you have PM you still need to engage them answer there e mails their cash calls  etc etc....and being very selective were my funds go and who they go to ( lots of experience at lending ) I mitigate my down side pretty well these days.. ( now in all fairness I got killed along with a lot of other lenders back in 07 and 08) so it was not all wine and roses.:) but now with the values reset and HML or private lenders being able to set their terms better I think the risk reward is far better than owning with much less work...  

Keep engaging on the site, keep reading, and keep learning.

Those telling you that it is are engaged in wishful thinking.Really the answer the should be giving is, "You'll probably get away with it."  

It's best to hash out the exact terms (i.e. interest rate, term of loan, total loan, purchase price) prior to engaging the attorney to draw these items up, but you can also pay the attorney on an hourly fee to help negotiate and explain all of these terms to the both of you.

I still need to learn how to analyze a property...looking forward to utilizing the BP calc and learning from those engaged on BP.Also, I am in the process of getting a heloc from my primary to fund my initial investment.  

But it is always worth remembering that you are engaged in a two-way transaction.  

The last common idea would be illustrating that some form of dual tracking is present, where the Borrower sought relief was engaged by the Mortgagee or Servicer and the FC continued in process.