I've already texted my LO and told him to change it to the fixed product, given that I just don't see myself selling this particular property.

@Brian GibbonsIf I'm understanding you correctly, you're suggesting that because you entered into a LO with the seller, that makes you a principal in the transaction, which allows you to list the property for sale on the MLS representing your company (not the seller), is that correct?

LO price of $150,000 with 5 yr. option with sale price of $130,000.

With a LO can I get paid by the tenant/buyer to  get them into a home if so, how would it work ?  

Situation:  Seller is 10k in arrears, payoff amount is approx. equal to the home's value... but the tenant will do almost anything to stay in the home.  Sub2 isn't an option (I'm not willing to front the mortgage back...

You have already extended the credit so a LO will not help you there.  

@Alisa Markwith    LO's are actually very easy, but Ive done them for 12 years thanks to Brian. 

I met with my mortgage broker earlier this week to do a refi on my primary, and lo and behold, he had a house to sell me.

As soon as it became obvious that she knew more about flipping and the accompanying rules than the loan officer, that was the time to back out or at least get a commitment from the LO to triple check guidelines and get back to her before signing the contract.

I am hoping to find RTO; L/O and or owner finance and then turn around and use this as my R.E. recovery phase.