Make sure it’s safe, maybe it’s a small deal and no big?

I think we all agree PM is a challenging business, 90% of the time it's very satisfying providing safe, well-maintained housing...8% it's an absolute thrill because there's nothing quite so invigorating as meeting a mouthy tenant in court and seeing a night-and-day attitude change...and 2% its humbling when you need to separate ties with an owner (or tenant for that matter) because they need to go in a different direction. 

@Alex Whittow are you the buyer or seller on the transaction?

Most new investors want to be conservative on their first investment property, preferring to play it safe with a property that is in an area that is selling well.

Most new investors want to be conservative on their first investment property, preferring to play it safe with a property that is in an area that is selling well.

Also throw in, e&o insurance does not cover you when you are a principal to the transaction.

Yes, you can purchase notes online, however you’re paying a premium, along with transaction fees and commissions.I would be glad to schedule a call with you to discuss more. 

Follow William Crean’s advice, all the front end work he mentioned to the tee.You won’t be able to assign the contract but you can do a double close and use Transactional Funding to “Buy” the property first. 

However if you can truly only afford $450 then I don't know how you can structure it so that you can afford it and they can safely expect to get their money in a timely manner.

We have closed loans in the past in a very similar scenario and if it is the same lender, then just move cash from one transaction to the next.