I would love to get into the rental game in my city, but don't have anywhere near the capital at the moment!

I would like to start developing relationships in the area.

Meaning... is there big development occurring or a major corporation moving in? 

If you develop a relationship and know the lingo, you are less inclined to get the question.

BTW the Center for Diease control claims people with the Cat parasite Toxoplsmosis develop mental disorders, Anger easily and are involved in Risky even suicidal behavors.

I have developed an startup RE proposal and I am looking for an experienced RE investor.

Jason,I think you’re right and that’s what I’m leaning towards, but I definitely see the others’ points too about allowing bad habits to develop.  

Some precautions to consider:- Make sure the person who is the borrower of the underlying bank mortgage fully understands the implications  of a wrap, as well as the buyer- Consider a 5 or 10yr balloon note (vs. 30yr fixed) if you are worried that the seller may have 2nd thoughts down the road- Buyers should need to bring a significant down payment to the deal so that they have skin in the game- If your state allows a Deed of Trust for the wrap note, I suggest using that document (vs. a Mortgage) as it will put a lien on the house allow the Seller to pursue a non-judicial foreclosure if the buyer does not perform.- The home insurance after the sale (the new owner is the "insured") should retain the name of the previous owner(payor of the bank note) on the insurance as "additional insured" so as to not set off any alarms with the bank.- Use a 3rd party loan servicing company to collect all mortgage and escrow payments and make all appropriate payments to the bank lender as well as seller finance lender.   

Don't sign a listing with any of them just ask their opinion of what you should do with the property.If you sell there are several ways to defer gains including 1031, contract sales and opportunity zones.If you don't want to sell you can always develop the property yourself or in partnership from ideas you get in the above process.

Haven't figured out my game plan here yet.