Using them to pay cash to individual contractors seems to work fine, but it appears you cannot use them for a down payment type transaction anymore.It's a shame, that was a unique way to get some quick short-term cash for deals.Good luck on your deal.

Now you need to figure out how to find deals and pay for them.

If everything is still a go at that point, spend time on the compliance to make sure there are no deal killers.

I'd find off-market deals, do some cosmetic updates, and then refinance. 

This is for anyone who does cold calling campaigns to acquire real estate deals.  

Even if it wasn't going to be extremely profitable. 2) Get help underwriting the deal from an experienced, unbiased source.

Here's how you can find good deals on properties that might need some work or are priced lower than usual:Connect with People - Make friends with real estate agents, lawyers, and others who know about properties that need to be sold quickly or aren't in great shape.Reach Out Directly - Send letters or use websites to contact property owners who might want to sell fast.Look Around - Drive or walk around neighborhoods to find houses that look like they need fixing up.

Someone who took a creative finance deal in Oct 22 and overpaid for the property, thinking overpaying is not an issue for creative financing, with a 2 year balloon payment is going to be facing the crisis.

I picked up my contractor license after 2 years flipping, for ease of dealing with permits. 

My credit is excellent and I am concerned about having the buyer miss payments.