If the mortgagor breaches the contract then the mortgagee becomes a beneficiary of the trust sharing the equitable interests with the owner 50/50.I know I have a lot to learn about all this however I like to understand the nuts and bolts before I go knocking on doors.

It's nuts to not escrow, and also nuts to not use a servicer to handle the 1098's to the borrowers.It looks like the first year post sale on a note your cash flow will be somewhat negative cash flow.  

In a nut shell, the lease-option to purchase will be a great tool when properly applied.

Knowledge is the accumulation of facts (in this case real estate facts).Wisdom, on the other hand, is the ability to sift through those facts and make a decision that will bear long term fruit.

You need a license in every state if you are masquerading as a wholesaler but really brokering.These "gurus" who publish ebooks and other stuff on wholesaling drive me nuts.  

spent a lot of time thinking about this and came up with a few ideas..[ ] 100 stamps[ ] Upgrade a fixture in the house[ ] Paint one room of the house, any color but black. [ ] One time 10% percent rent reduction[ ] Babysitting (you have to make all arrangements, up to $35)[ ] 4 Movie tickets[ ] $30 Amazon gift card[ ] A box of mail order item like "nuts/baklava/oranges/etc"[ ] 1 Cheesecake from The Cheesecake Factory[ ] House cleaning coupon ~ $50

It's part of the bundle of rights land ownership carries with it and the right to the fruits of the land.

Yeah, I agree with Brandon Turner... a blog about your process would be of interest to other investors but I don't think sellers want/need to hear about all the behind the scenes stuff.... its like when you go to a restaurant, do you want to see 20 people sweating and going nuts getting food ready, nah you just want a nice experience and a good atmosphere. lol.

He's a nut case.

If buyers are clamoring to buy property just to park money SAFELY in their eyes at high purchase levels then the brokers listing for the sellers are all for it.Syndicates are a very tough nut to pull off.