You must document borrower ability to repay.

Dodd-Frank won't apply to the origination, it's commercial.Neither a lease nor an option gives you the ability to make improvements without specifically addressing the issues, again, being commercial you can go there.I'll be back, have to run. :)

But of course I have to collect the rent and represent the property owner to the best of my ability!

HAha @Cal C. it may be legal... but it still tells something about their rent-paying ability!

Not really ideal for my first flip so I reached out to @Stan Butler who I met on BiggerPockets through the handy ability to find other real estate investors who live near you.

"Inability" (you have the ability) to obtain insurance after a certain point in the contract timeline may not necessarily be a get out of jail free card.

I am aware that the debt and responsibility of the property is mine in this deal, and I'm going into it with the ability to handle the mortgage if my brother runs into any issues.

You also have the ability to negotiate with the borrower, as necessary, so long as you do this legally.

That may affect your ability to get the new loan.

The reason it’s risky is because your name isn’t on title as the owner and for you to turn around and sign a contract stating that you have the ability to sell this home isn’t correct because technically you do not own the home and do not have rights to sell it.