As I said, the seller is in a distressed situation and really pressed for the funds to take care of elderly parents, who are the original owners of the property.I was told by a reputable bank in my area that handles land lots loans, that I don’t have enough liquidity and I would need at least $100k in my bank account to move forward.

I know we need to setup a separate bank account from our personal finances to run our rental properties business, but not sure if we should go through a "big bank" or "small bank"/credit union.  

I'm trying not to involve the trustee as much as possible.

I'm here to connect and learn from others involved in Real Estate.  

Mainly I am thinking of how to put the profits in each account to use sooner by combining them.

Account Closed  Let me make sure I am understanding this correctly.  

What hurts Investors that use this formula is it does not account for Holding Costs, Backend Selling Costs, etc.I use the following formula to determine my Maximum Allowable Offer (MAO).

Once you have proved you can sell there are lots of opportunities that don't involve pitching guru courses.All that said, you might want to consider reading "Rich Dad, Poor Dad" if you have not already. 

How does the sellers mortgage get paid and is there a mortgage processor involved?

I am new to the real estate industry and am currently getting involved with home flipping.