I think you may be referring to Land Contracts, which is where the title of the property remains in the seller's name until the loan is paid off. 

@Nat Rojas pretty decent project timeline.Every owner wants their PMC to turn a property around faster, so they get a new tenant ASAP.The challenge is reality.We've do our best to do pre-MoveOut Evaluations, so we know what needs to be done. 

Paid $30,000 for their "Six Figure Land Flipper" 6 month course to start mid-June.

If you are interested in paid coaching, I charge $x per hour minimum of 3 hours.

All told the property would be worth about 800k when its paid off.I can expect to get about $4,500 gross from the property with an NOI of $2,500 monthly (would be about $3,100 with inflation at that time). 

One tenant has paid the rent on time but one tenant is missing in action, unresponsive to phone calls and won't pay.

. -1-5 year terms-Up to 50% of your account balance can be loaned (50k max)One of the issues I see is that the account is funded with pre-tax dollars.

Here are some quick numbers for context.Purchase totalAfter RenosYearly RentsCap Rate (pre costs)Cap Rate (- $300 IRS, PM, INS)$62,240.00 $64,890.00 $11,760.00 18.12%12.58%$71,280.00 $71,530.00 $9,516.00 13.30%8.27%$37,116.00 $39,116.00 $10,500.00 26.84%17.64%$58,857.00 $59,857.00 $12,000.00 20.05%14.03%$49,501.00 $56,046.00 $10,740.00 19.16%12.74%All in, we're interested in any creative financing - traditional refi, portfolio loans, DSCR, HELOC.

It makes you more competitive if there are multiple buyers competing for a house, many sellers are reluctant to go under contract unless they can mitigate the risk of not closing due to financing problems - they do this by only signing with folks who are either pre-approved or pre-qualified.Another reason for getting funding lined up first is that you will be way less stressed between going under contract and closing.

And as part of that sale any loan is paid off.