I'm researching the options/futures that are easiest to understand, most cost efficient to acquire and manage like standard stock investing, and will write something up.

Is it legal to require the borrower to sign a deed in lieu of foreclosure at the closing so if there is a default does not have to go through foreclosure just file the deed?

If I understand correctly this means that if I default, he doesn't even have to foreclose he can just file the for the deed to transfer to him.Now, what is stopping him from going and transferring the deed even without me defaulting (after I sign off on the Deed in Lieu)?

As rates go up and qualifying standards change next year, I think there will be increased demand for rentals in the near future.

On average how much is rent per family in a standard split family home?

It is a fairly consistent rule that larger returns come from loans in deeper distress or files that carry more difficult defects.

I suggested that we rewrite the lease and he offered a separate form for future tenants to sign vs adding it to their standard lease.

The contracts I had sent to him were a standard purchase agreement and an assignment contract.

If the seller deeds it over and lets you take over payments, if they file bankruptcy the mortgage will have to listed in the bankrupcy.

@Ronnie SparrowI have run into this before you DON't need realtors involved at all, but you have another big issue to fight.If they are using financing, the bank will not be OK with the double close (not under contract with the owner on file) or an assignment fee on the HUD (obvious reasons).Now, you can attempt to do something on a handshake outside of escrow, but thats at your own risk, and i would still draw up docs.Best bet is to close on the property and immediately put it under contract after closing with your end buyer.