My husband actually did this when he became a realtor and the process was very simple.  

Emphasize how this arrangement could work to their benefit, offering steady income, avoiding a traditional sale process, and giving them the freedom to move forward with their plans such as buying that sailboat and sailing around the world.If they ultimately decide they’re not interested in selling, you’re still in a great position to continue your search and buy your own property in the near future.

I can walk you through one of our recent Equity Splits so that you can understand the process. 

I am in the process of closing a 1031 DST transaction with a "flat fee" broker.

I don't know if I can sell my wife on moving into a fixer up but I assume the idea there is to repeat the process with the new house.

Hey Adam keep grinding - it sure does take a village but each property you get the more you'll make and the faster the process goes. 

At it's basic level:Assumption: Asking the bank to turn the loan over to you and going through the normal underwriting process, credit, income, DTI ratio etc SubTo: Taking over the loan without telling the bank, no underwriting, no credit check, no income verificationBoth have risks, but it's not my intent to be detailed in this post.

The Role of Mortgage Brokers in Real Estate FinancingMortgage brokers act as intermediaries between you and lenders, streamlining the loan process while finding the best deals for your unique situation.

The foreclosure process is not cheap or fast.

Before becoming a designer, I was a systems engineer and business analyst (MIS degree), so my process is deeply rooted in formulas to keep the right elements at the forefront.