Also is this a form of real estate (wholesaling) considered acts of a transactional broker?

As sad as this may be I know this a phenomenon that has more than likely crossed the path of some investors before.

Hey Elise Chen we're currently buying in Brooklyn as well from a sponsor (Dyker Heights/Bath Beach border).

I am the seller and the buy has not removed his contingencies by the specified date. I had already granted a 10 day extension and his loan has not been approved nor has he removed the loan contingency by the extended ...

It's called transactional funding.  

I like to transact with someone formal (with plans if possible), knows what they want (Specifications or SKU list a plus), who won't tell us what to do (we know what we are doing), who can afford to pay the level of our service we provide (insurance of all types are expensive, and we also have a family to feed).

I'm going to be doing more than a couple transactions and want to use an MLO for compliance with DFA.Does someone have a recommendation for an MLO who has experience working with investors dealing with owner financing?

NOT bad.. all from being a RE broker. and that was the only transaction I did that year.

There is currently a family with 11 kids living in both houses, owner occupied, not currently a rental.That is also a strange thing not because of the rental but because the rental seems to cross the property and parcel lines you've already described, and also because you mention owner occupied, as in owner, are these not the ones selling? 

The only feasible way of structuring this transaction is to ask the seller to carry 25% of the purchase price minus 3k or however much you can afford to put down at 10% interest 3 year term.