Lenders have more to worry about in Las Vegas than "due-on-sale clause violations".As long as this loan remains "current & performing";...you have a better chance of "hitting the jackpot" at Caesars Palace, than having the lender accelerate an otherwise performing loan in good standing for a violation in the "due-on-sale clause".Spending a few hundred dollars with a good attorney that specializes in these types of land contracts should be worth the money. (...try finding these types of lawyers who are affiliated with your local Las Vegas Real Estate Investment Club).A lawyer of this type can create a new, or review and update your trust/sales-agreement, land contract, etc.Here's a different twist:How about a back-up agreement and a back-up deed?

Actually, I said the opposite way... if you're getting $3,000 a month out of a $135k property, that sounds very good (at a 50,000 foot level)... where I said you were getting fleeced was putting $100k down on a $135k property and getting charged 11% on the $35k note.I'm still not sure I understand your financing situation.Hard money on a buy and hold property tends to make cash flow pretty tough due to the higher interest rates.

I see lots of these "handyman special" rentals posted on craigslist and even more as rent-to-own properties.

Anyway, I don't see why the 4S and Siri merit a special warning...?

Find a Federal Criminal Defense Attorney that specializes in this type of crime and ask them what they see.

Arrangements like yours are very tough to find and establish.

I just think it is going to be a tough sell if the deal appears tilted towards the borrower no matter how solid the return is for the lender.I'll look for more posts on it and would offer any advice I can think of as you go along trying to put this together.

I don't know about other parts of the country, but in San Diego county, it's getting really tough to find deals with a decent profit margin.

The court emphasized that the LLC statutes give the term “manager” a special connotation and protect managers from liability to third parties.

I'm steering them to a local broker who specializes in the FHA Rehab loan.