I'd use transactional funding, possibly through the Larry Goins program.

This sounds like a private party transaction, otherwise the delivery of the property occupied or not, should have been clearly stated in the documents.

@Jerred Morris is certainly right about the cost of closing the loop on conversion metrics and actual transactions closed.

I have been reading quite a bit about how Dodd-Frank and SAFE affect SF and it is somewhat daunting, nonetheless interesting.If a SF deal were to come to fruition, I would most definitely involve an RMLO and an RE attorney, as one of the more "sticky" aspects of it is that it is not only an RE transaction, but a finance transaction as well.Thanks again.

You can not make payments toward the purchase price in rents or finance the option price without SAFE Act issues again.Then, instead of making any purchase payment, set funds into a savings account in your name saving for the purchase to meet the equity required to purchase in three + years.Check with your JAG office in GA for legal advice on any arrangements.If you won't be living in the property in 3 years, you could form an LLC and purchase as a commercial transaction avoiding the SAFE Act at that time, subject to changes and current laws then, again, ask JAG.Thanks for serving!

I made more in one transaction than a minimum wage worker makes in a year.

My family owns hotels, and the plan is that I would represent our family in purchasing properties, subsequently garnering commission after the broker's cut.I'm not too interested in becoming an active real estate agent, since I manage the day-to-day affairs of the family businesses.Any recommendations on how I can find a low-cost broker willing to hire me to process my family business real estate transactions?

Now if someone is not flipping properties and it is a passive activity it could be treated as a capital transaction if it is a one off situation.

Jon Holdman posted an example form for a non-refundable deposit in this thread that might be useful for you for future transactions.

Has anyone here used transactional funding?