Buying under a LO scanrio leaves you wide open to a lot of potential problems in the deal.If my Seller is more "in the know" and brings up LO, then I tell them I'd be happy to do that, but I generally offer the ST since it has several advantages to the Seller:1) The house is SOLD - I don't have the OPTION to back out2) Under a LO, you the Seller are still responsible for repairs to the property - it's the law and a right that I as your tenant can not waive even if I want to3) You, the Seller, are still responsible for keeping insurance on the property - and since it is in your name, you could still be sued if someone ever got hurt4) The Seller must also continue to pay property taxes5) With a ST deal you can walk away and never be bothered by this house again.

Hi Ru, the sum of the debt payments per month is a key parameter to a LO or sandwitch LO deal working.

Have any of you BPers got addresses or is this just a Los Angeles thing where no addresses are given? 

I just referred another investor to a LO for a multifamily FHA loan that also does FHA 203K in case the property need renovation to qualify for FHA.

If all a LO does for the most part is husband/wife SFR owner occupant scenarios, it could be easy to check the "occupancy: primary" box early in the process without really thinking about it. 

Hey Jesse, I just want to confirm with you (I believe from your signature you're a LO).

But, either way, just to get into a LO or even  to buy and sell to a buyer on a LO, I am concerned about doing it legally.

A recent example is a Walgreens in Camp Verde AZ.

i was alo curious about this and thinking how can i get some expired listings so i call either wholesale or try to even sub2 creating a win win for both parties involved.

If you post the area of the property you are looking at, a LO in that market might have a keyword alert set up, flagging this thread so they can answer, and poof look at that they just might have their contact info below their post in their signature block.