Say I find a motivated seller, and we agree on a price.

Just watch out if the PM has any special relationship with the contractor you're using which could muddy their motivations. 

The newcomer must "survive":Streamline the search for motivated sellersSearch for investor-buyers and add them to the mailing listSecondary task.

That will allow you to utilize the same property manager, title co, etc and it can be a little more efficient.

It will not only map the properties for you it can also map out the most efficient driving route. 

Why is it better to come across a seller with a lot of equity vs. little equity in there home while executing a direct marketing campaign?

Find a motivated seller!

Start hustling and find a motivated seller willing to sell to you on a 0% down lease-option or land contract.

In both cases, syndication would be needed with a securities attorney.Here is the list of promissory notes recognized by the Supreme Court as NOT being securities is a compilation of nearly random examples:Notes delivered in consumer financing.Notes secured by a mortgage on a home.Short-term notes secured by a lien on a small business or some of its assets.Notes evidencing a “character” loan to a bank customer.Short-term notes secured by an assignment of accounts receivable.Notes that formalize an open-account indebtedness incurred in the ordinary course of business.Notes given in connection with loans by a commercial bank to a business for current operations.And the determining factors for how a court will judge it to be a security or not are :Whether the borrower’s motivation is to raise money for general business use, and whether the lender’s motivation is to make a profit, including interest.Whether the borrower’s plan of distribution of the note(s) resembles the plan of distribution of a security.Whether the investing public reasonably expects that the note is a security.Whether there is a regulatory scheme that protects the investor other than the securities laws (e.g., notes subject to certain banking regulations).Again, consult an attorney.

"Flip" to buyer at price based on comparable comps in the proximity of the new buildTo me this could be done in a way where it could potentially be a double close if I am efficient enough.Is anyone familiar with this, and is there anything that I might not be thinking of that could be detrimental to this strategy?