No, I think it is their self described "band of scrappy bankers and engineers" actually just trying to create a white label service where the QI has no liability and no effort to expend other than holding the money in some account doing heaven only knows what to make their profit.  

However, the scenario you described could be achieved with most of the local HMLs here; I don't think you needed to pay 16% for that.

Funds will be automatically applied to unpaid utilities prior to rent.In the event unit #A is vacant, utility charges will be the responsibility of Tenant in unit #B with a 5% reduction of bill*, until unit #A is occupied and then billing resumes on a pro-rated portion, as described above.*5% of utility bill to be paid by Landlord while unit #B is vacant.

In my case, as I described earlier, everyone has to register with petscreening, pet owners or not. 

From his linkedin, he describes himself as: “ In addition to my IT role, I am also a business owner and a finance student.

(A) For an accessory dwelling unit described in subparagraph (A) of paragraph (1) of subdivision (e), a local agency, special district, or water corporation shall not require the applicant to install a new or separate utility connection directly between the accessory dwelling unit and the utility or impose a related connection fee or capacity charge, unless the accessory dwelling unit was constructed with a new single-family dwelling. home."

its great that you are taking the leap into Real Estate investment, and Venice Florida, its an interesting market with its mix of vacation and long-term rental opportunities.Given the current market conditions you are describing - stagnant with a surplus of inventory - there might be some advantages to exploring both vacation and long term-rentals.  

While I understand the concept that you are describing, at the end of the day you may just be spinning your wheels on this one.

A non-resident alien for tax purposes is a person who is not a U.S. citizen and who does not meet either the “green card” or the “substantial presence” test as described in IRS Publication 519, U.S.

In doing this you've likely committed fraud since your entire intention was always to close with the 2nd at 100% LTV...I've watched the video where Pace describes this and in essence he says that treating them as two separate transactions is fine and there's no need to tell the lender.