As Bill and Wayne mention, you are wading into waters without basic concepts understood well.

I have owned real estate for about 15 years and it's all in a simple real estate trust that I set up on my first purchase.

Keeps the accounting simpler for me.

There are some other concepts but there more concepts that apply to loans than your particular loan will apply all concepts.

I guess this concept seems a little foreign to me but I'm open to it.I mean people aren't really embarrassed to say the met on match.com anymore so why should RE investing be any different?

I have questions on some of the concepts you mentioned sub2, does the seller have to own the home free and clear?

You'll also find investors that may not be interested in buying another property for six months, you may not know that until you present a lead.Just as in your business, you don't want your leads resold, if a buyer rejects a lead, what does the birddog do with it, just eat it or move on to others.I agree the concept solves some issues with the license matters and settlements, but in reality that may be harder to do, fairly.

This is a brand new concept to me, that I learned about here on BP.

So is it ok to go with the 10-15-20 sq ft rehabs concept?

(this is an interesting concept though so I would like to hear if anyone has tried it and how they fared)