As a person who has purchased hundreds of mortgage notes (non-performing and performing) and done many seller finance deals let me tell you if this was the case wouldn't all banks require the buyer (their borrower) to get such a deed so that if their borrowers do not pay then they don't have to go through foreclosure.  

I personally prefer when investors have some skin in the game.

I am thinking Des Moines may be a good place for me to start for some personal and professional reasons.

Quote from @David Tiefenthaler: Brandon is a great teacher and a good person, but that book teaches methods that are not good for investors and are more likely to get you in trouble.

The complaint was that we gave an apartment to a family and not her (single person). 

In my personal opinion, that's kind of the way wholesaling is able to work though.

Otherwise it’s families/friends/partner/sell stuff/personal loan/borrow against something else or see if someone will do a 2nd for 10%. 

I'll personally benefit if it is for the current year (anticipated increase in income), or is the benefit to be realized only for the actual year it was placed in service?

They'll let you know if they have a product you currently qualify for, or what you'll need to do to qualify.Anecdotally, I feel like personal residences are very easy to qualify for.

I know @Jon Smith personally.