The appraiser was ordered by the lender and the lender is the client. 

That's due to the affordable prices and strong rents in Indianapolis.

That comes with the territory as they have hundreds of clients. 

What I wrote above does not create an attorney/client relationship between us.

But I run into the scenario often with clients/investors of mine who are seeking to leverage the seller carry in a 2nd position behind a senior loan, but have only ever found this possible through short-term capital.

This is the blueprint I have been working with my past/current clients, its simple, boring but can be effective. 

I have used this successfully, and have leveraged the transparency for a “piece of the action” when I felt strong about the prospect of the project.  

my clients are ok with lower returns for a beach front property in Southern California, but won't even consider a 20% return in dangerous neighborhoods in Detroit.2.

Sometimes it's used by rental agents who are trying to lure potential clients in with a bait and switch.When they field the calls from potential renters, they explain that the place has been rented but they have a few similar listings available.

For example, one of my clients is selling his rental home this year because its the last year he can still avoid capital gains on the home as it will be the last year he still qualifies for the 121 Home Sale Exclusion.