I'm not intimately familiar with the Bond for Title rules, but it sounds as if the buyer will receive beneficial ownership of the property at the time of sale, while you retain bare legal title.

@Ashley Shearer I do feel that agents matter in the sense that I would want to work with an agent that is intimately familiar with insuring rental properties.

Really though, when we buy we are looking for good deals, so I am willing to buy either, whatever looks like the best deal at a given point in time.

I had house without a dishwasher in college and it wasn't a pleasant experience.

I also need to be flexible as this will not be my 9-5 at this point in time. 

ALL of them need major rehab.. so when buying those notes you must price them accordingly.. not that you could be pleasantly surprised.. that would be rare.

Not referring to anyone in general but just the whole situation as a whole.Of course the market will go down at some point in time and everyone who said it will can claim they predicted it at that time.

Normal banks say they cant do it in time.

Those deadlines are too short to give you time to go out and hire an appraiser and get the appraisal back in time.

Four properties I purchased and lived in over the years became long term rentals at a later point in time and have contributed dramatically to my increase in personal wealth, best of luck!