Generally banks are going to want to sell a pool of assets and, unlike REO sales, these types of transactions generally don't happen that often. 

Look for a broker with the lowest monthly fees and lowest takeout from commissions earned.Also find out if they will charge you for personal transactions.2.  

And I have not contacted one so maybe I should investigate it more before I cross it off my list.

Call House Buyers like HomeVestors.com -  They may low ball the heck out of you, give you a really low offer that will almost make you mad, but in the CA market they might come back with something bordering reasonable. 

Hey @Jimmy Cross, welcome to the site!

I believe they handle a lot of RMLO transactions for investors looking to sell with owner financing.  

I will be glad to help you with this transaction.

I just want to make sure it is legit to present a transactional funders POF letter, and do a double closing with these types of properties as I understand they keep the EMD no matter what

Occasionally on a complicated transaction, I can see out contract package in Maryland/DC expand to 100 pages.I think the length of our contracts is proportional to the amount of lawyers we have in the area, since we have the most lawyers per capita by a huge amount here.

Lawyers can help you avoid legal issues and should you not be using an agent or title company I would highly recommend consulting with a lawyer on your deals as certain legal requirements are needed to complete a real estate transaction in Michigan.