To avoid transactional funding, try a reverse assignmentSay you have a deal:A to B - purchase price $100KB to C purchase price $130KYour profit is $30KAssign your interest, Use a mortgage - DOT and a note for your $30K profit.Get paid from closing, use escrow instructions, use a letter of intent and get it signed from the seller and new buyer to be transparent.

As @Joe Gore mentioned, you won't be able to do this with any bank that underwrites loans for fannie or freddie, which is *most* banks that offer a 30 year note.One way around this is using commercial loans which will allow you to set up an LLC with an operating agreement that stipulates all of the details of the arrangement.

I came across a 23 Unit Apartment Complex for sale in my Search for motivated apartment building owners and after getting some detailed expenses from the seller I realized that the owner isn't making enough on the property to cover his own debt service.

Skip to the last paragraph if you don't want to read in detail all the complaints I am getting, if you are bored and want a laugh read through.

Details!

Can you provide more details?

State law will govern requirements for a commercial broker.Yes, you can turn in the matter to the State Attorney General, the State Highway Patrol probably has a fraud/scam division, report it to them and get a case file number.I'd call the FBI as well as he may have crossed state lines or pulled the same thing elsewhere, they may have jurisdiction under federal banking laws depending on the details and as financial fraud.

If anyone has a reference case (like a REC Disciplinary Report) please post the details (w/o names may be better).

I couldnt exactly prove it, so i changed the toilet to a one peice toilet and instructed the tenant how to sit on the bowl.If the wax seal under the toilet was broken then I imagine any flushed water still flow down the pipe and then worst case partially discharge to the surrounding floor joist area or pool in the bathroom.

I appreciate that detail about the subs.