There's "customary" when you're doing an MLS transaction and what's usually done.

I avoid the cost of private mortgage insurance at all points of the transaction. 

After you rehab the main house, you sell the house + acreage and somehow double close the acreage in that transaction.

This never crossed my mind but been reading up on this seems interesting and a way to build the revenue stream to get me to where I want to go.I could use advice from those who personally invest in the mortgage note business.

@Chris Viglietta and @Clarence Johnson  I'm just curious if either of you have ever done a transaction with Maxim Properties?  

Account Closed Hi and thanks for your tips and I agree with you ...I definitely don't want to screw the seller...not my style and I want to have everything in place to make this transaction smooth.

I fear that it will be something they won't care about until suddenly one day they do care and want either transaction fees or commission splits on my spreads

., but would strongly advocate champagne over wine.However if you want to hedge against some amazing opportunity crossing your desk that you need to be ready for, go open a HELOC for $200k or so (really whatever you can get) with a balance of $0.00.

As each opportunity crosses your path, you can choose to do a deep dive, get a lot of information, do a full analysis and then determine how you will move forward (i.e. invest or pass) .

You will be totally empowered when you have a successful transaction.