Selling a third party investment is a licensed event requiring a Series 7 license under a licensed Broker/Dealer.

I want the owner to let me wrap it with another loan with, let say a 5 years balloon.How much Down should I offer to make it fair for the three parties involved?

I know that this is not ideal from a protection stand point.

Lenders have more to worry about in Las Vegas than "due-on-sale clause violations".As long as this loan remains "current & performing";...you have a better chance of "hitting the jackpot" at Caesars Palace, than having the lender accelerate an otherwise performing loan in good standing for a violation in the "due-on-sale clause".Spending a few hundred dollars with a good attorney that specializes in these types of land contracts should be worth the money. (...try finding these types of lawyers who are affiliated with your local Las Vegas Real Estate Investment Club).A lawyer of this type can create a new, or review and update your trust/sales-agreement, land contract, etc.Here's a different twist:How about a back-up agreement and a back-up deed?

Say he gives you cash and you don't close, or say he promises to give you cash after closing and doesn't do it... if it happens in escrow both parties are protected.It is weird that he would be "paying the escrow fees."

I stand by my 57% (at this moment) ;>).Edit to add - personally, I would not be comfortable being 100% invested in anything.

Jon- there is no TREC form for a lease option(Texas).That should tell folks something.Agents have been strongly cautioned not to be a party to a lease option transaction.

You will have to have all parties on title to do it.

I figured if I could show this to one of my interested parties, they may consider skipping the title search as well.However I have decided better safe than sorry, so I will be looking for a title co.Thank you for the massive response everyone, you may have just pushed me out of the way of an oncoming bullet.

Some of my most-used, non-game, third-party apps are Dropbox, Facebook, Echofon (for Twitter), Mint.com's app, Trulia, Foursquare, The Weather Channel, imdb, iQueue (for Netflix), Kindle, and Simplenote.