(If you DON'T have 20%+ deposit, then really, your question is just a rhetorical fantasy, after all?) 

Here in fantasy land we routinely hold deeds in escrow with their legal effect conditioned upon the occurrence of a future event.

Promised (fantasy) equity that fast disappears in REAL time doesn't sound like something to be encouraged.

Here are a few morsels of reality, not fantasy:- Small Business Administration loans could rise to above 9% by year-end.- According to a recent survey by consultant PwC, which last month polled more than 700 US executives and board members across a range of industries half of respondents said they’re reducing headcount or plan to.- 52% have implemented hiring freezes. - Four out of ten are rescinding job offers, and a similar amount are reducing or eliminating the sign-on bonuses that had become common to attract talent in the tight job market.

This sounds like some kind of Law & Order fantasy episode.  

Or do you fantasies of quitting your job and running to full-time REI as an employment alternative in three years or less?

suspect results may vary.. website says 6%  that's a fantasy.. only people that lend at 6% ( which is currently lower than commercial bank rates)  are family or really close friends doing you a solid.with no way of knowing for sure.. but I know lots of private lenders and is one.. and none of us would put our name on a list. 

. :)  I actually did some looking (fantasying) about doing what you just mentioned.

Definitely not where I live, Vancouver, where 1% rule is just a fantasy (I think it's more like 0.1% in Vancouver). 

Looking in the suburbs of metro Detroit (excluding lousy areas, which is a lot of them) and Los Angeles- which is a fantasy land at this point.