I don't see a lot of value add for you to buy and rehab and then resell basically turn key.the profits when you do the Turn key come when you can sell to out of area folks who cannot do this on their own and will pay a premium for your service. but you MUST have PM set up and ready to go for them so on and so forth.Now one thing you might consider is creating a type of JV deal with local professionals that are looking for passive cash flow you set up a company and you bring them in as cash partners you do all the work take an equity ownership.. charge an up front fee for facilitation then either you manage the manager or since your an owner and if you love dealing with tenants you manage them for a fee. 

Answer: The borrowerAnyone includes you, the other guy, the lender, the real estate agent, the seller, the buyer, the closing agent, the attorney, the plumber, or any entity.The judge is going to nail the person responsible for the problem.If you, as the super duper whizbang RE investor operator devises, constructs, establishes terms and/or conditions, offers and conveys the idea of some RE transaction to an unknowing, less clever, uneducated, naïve property owner and then introduces the documents to facilitate that transaction and you then make that financing agreement......it's going to be on your azz.How do you get caught?

OTH, if you are the Mars Chocolate Corporation and you buy sugar futures to control costs in the future, that's investing.Investors who leverage deals, flip contracts, take options and other endevors are really "operators", they facilitate functions that produce an income.There are statutes that describe "operators" as those who take title to RE and produce an income.

I would assume that if it is assigned, then the seller would need to provide the TISH for the assignee, and so I would facilitate the completion of the TISH report as part of the service of being a wholesaler.

I am simply trying to expand the dimension of our discussions from the "whats" to the "whys"...The whys facilitate progress.

Become a facilitator, in other words you hook up deal makers and you can make 6+ figures just in referral fees or commissions per deal.

Again you will gain knowledge and be in the mix, you can save $ on your own deals and facilitate deals for others while you line your pockets all the while expanding your network.  

Bill Gulley - my question to Dion was more along the lines of could the note holder offer a discounted payoff at refi to facilitate getting out with minimal write-down of principal?

For now I have rented my last couple of homes and have been investigating lease/option scenarios such as http://leaseoptionmhsales.com but financing is what got me started in this type of investing and I would like to return to it.Thanks Ken and Bill for all the insight and keeping the conversation going.I am still looking for other like minded investors in or out of South Carolina interested in discussing the formation of an entity to facilitate some form of owner financing.

However, there still needs to be a delicate balance between the sponsor being adequately compensated for facilitating the investment & the investors being rewarded for risking their capital.