It appears to be double payout but it is two different parties with different insurance interests in the property.

Two things usually help in order to pull this off: 1) All parties need to know that you're wholesaling (not mandatory but it helps). 2) A good relationship with a buyer ready and waiting in the wings.

The second part is going to stay here because in our contract we said that person is obligated to repay us or obligated to make a loan.

I was planning on doing all of the legal work to save him the expense and show good faith on my part. I

This depends on the areas and structures each party (association or owner) needs to insure.

Lets examine the first part is there a criteria for a seller?

The remaining 10% of properties sold are sold to third parties.7.

You, as a third party (not seller or buyer) wouldn't generally collect 'acquisition fees'.

I'm late to the party on this thread, but I figure now is better than never.

Few will provide you sufficient info to market to the parties involved.Drive down to the courthouse.