If not and you are interested in just acting as a wholesaler in the transaction, then it's time to start hunting for buyers.

Has anyone used America's Auction Network to purchase property and how smooth was the transaction?

As to seller financing, if you're seeing unsophisticated investor types advertising rent to own or seller financed transactions, and they are seeking owner occupied deals, they are either more sophisticated than you think or they are totally off their rockers if they are dealers.

As far as the non assignment clause, you could always use a transactional lender.

The areas we target are good school and safe areas but they aren't premium by any means.

The fee is $0.50 per ACH transaction, more if you allow credit cards.

Keep it in a safe place and do not file it until you can refinance it into your name.

@Joon Yi There are several forums on your issue - Dodd Frank and also the Safe Act.

With the same example, 75% would make your MPP = 1.025m.This would still seem like a safe even once you account for, fees, holding costs, surpasses etc.P.S Im a newbie so still just trying to wrap my head around everything!

Initially I ran into the same problem that you are..they explained that a pre-lim happens when a transaction is opened.