How it stand now, I am unlikely to receive such a loan, because it is for two separate properties.The game plan is to have the brother sell his 1/2 duplex to his sister, then go to the county board of zoning and work to get the 2 parcels combined into a single parcel (i.e., plottage). 

You are trying to combine an assignment and a sandwich.  

At the end of any year on the lease, they can walk away with no further obligation.Requirements are they need to have a combined income of $50,000/yr+, and a FICO score of 525+.Homes that qualify have to be in a good school district, and can go up to $550,000.It takes 2 months rent deposit to start.Then, at any time when they can finance it, with their choice of outside mortgage companies, they buy the home from the company.The selling price escalates 5% per year. 

I had an existing plan but I wanted to run it by the community and hopfully you guys who've done these in the past can point out any blind spots for me.I'm currently using a combination of my own capital and 0% credit card to fund my renovation on this house.  

Combine your business experience with Bigger Pockets various resources: ebooks, blogs, forums, podcasts, keyword alerts, an awards system, a learn section, colleagues, informative people in many fields of real estate, and more.At the bottom of this page is a list with help in it.

The duration will be determined by a combination of other factors.3.

Here's a good list to get started: http://www.biggerpockets.com/renewsblog/2013/04/14...Combine that with being active on BP and reaching out to people who are doing stuff that you want to do. 

Your knowledge and his drive is a successful combination. 

They have low end jobs, but their combined income is about 2.9x to 3.1x rent.

The environment is a combination of instinct, fear, demand, people requests, knowledge, etc....Sound like crazy talk but we myself and I tend to over analyze a process before we put our-self in the process.Frank