Unless a broker has either an exclusive option to buy the note(s) or an exclusive right to market the note(s) I don’t know how this could be a profitable use of time. 

Showing up in person at your different suppliers and going through their clearance and scratch and dent stuff takes time but will save you tons.For counters I almost exclusively use remnants and negotiate to get them for pennies on the dollar.

I'd keep it as rental, but only do a 12 month lease at a time because you want to re-calculate in 2 years to see if doing the IRS section 121 exclusion is worth it or not, you really don't have much of a gain, but I'd still want to do the math especially since the rate adjusts at that point too and if you do decide to sell in 2 years you will want it to be vacant when you list it. 

Land contracts typically work in a unique fashion where a balloon payment, or lump sum, comes at the end of the repayment period after the repayment plan is negotiated between the two parties.Assumable mortgage: An assumable mortgage is a type of home financing in which buyers are given the opportunity to purchase a home by assuming responsibility for and taking over the seller’s current mortgage (especially if it’s charged at a lower interest rate).Lease purchase: Also known as a rent-to-own contract, a lease purchase agreement speaks to a form of agreement under which renters pay sellers an option fee at an agreed-upon purchase price that gives the renter the exclusive lease option to purchase the property at a later date.Land loans: A land loan is used to facilitate and finance the purchase of a plot of land for later use for residential or business purposes.Holding mortgage: Under a holding mortgage agreement, a homeowner agrees to serve as a lender for the home buyer, and provides a loan for the purchase, which the buyer repays by making monthly payments to the seller.

They work exclusively in Cape Coral.www.prestigevrhomes.com239-560-6292

I believe a co-op purchaser can be issued a Leasehold Title policy for their interest in the exclusive right to use unit.

I personally have not done it but have a former colleague of mine who did this exclusively in Brooklyn, NY.

A lot of people get this wrong, or at least look at this trough rose colored glasses.Take your market, start at the top with A and devide it in 4 segments.In Milwaukee an A class newer single family 500-700k (because we are generously exclusing the luxury segement).

It's not that difficult to find, I know I focused almost exclusively on credit unions, so look there first.

The primary residence exemption is referred to as Section 121 exclusion.