Thanks as always.RL What you were experiencing is actually more common than people want to admit.

I'm actually located in Illinois. 

I was actually considering doing a shorter mortgage term to gain equity on the property faster.

Do you mean just for "cold texting" or even when interacting with clients or responding to real, actual leads?

Quote from @Brandon Croucier: That’s a killer loan if they are actually offering that.Seems extremely below market value as even primary mortgages are higher than this right now.I would beware of a bait & switch on this. 

I can have an agreement where I make payments to my mom starting at a further date and just not put a lien on the house.

If that is the case, for me, if they actually do bring a case, I'd try to get it wrapped up as soon as possible.

Someone mentioned wanting to be within driving distance of a property, but I actually prefer not to be close.

When my loan was not going to close, it was one of the options that my broker and lender told me about and actually referred me to for a conversation.

And plenty of people wholesale mls all the time and get deals it's actually quite common.