I work in acquisitions for a national multi-family operator.  

I will be at our Puyallup project tomorrow if you want to stop by.I am also a Real Estate agent and if you are going to continue to get your license recommend going through Rockwell institute online course.

Today I spoke to a known national note buyer and he said you can pay a local title company a fee to hold the original mortgage and contract.

If you use a lender no matter if they are private or institutional, get a 3rd party involved to make sure all business matters are on the up and up (Contracts are made to be negotiated and if their services are legit, they shouldn't have any issues with a 3rd or even a 4th eye in the mix to make sure everyone wins).

I like having no payments and no stress.Although I did just drop a lendinghome loan to see how it would go.. its the first loan I have ever taken from a institution other than my commercial bank.. and I would say other than some normal red tape they funded pretty fast..

@Alfredo O.I assume you have found the large national level wholesalers - correct?

We have even gone as high as 85% foe very strong borrowers if they have very good liquidity ( lots of cash and/or other liquid assets).I didn't mention the balance sheet much because it isn't heavily relied upon at our bank or other smaller lending institutions in this area because they tend to be over inflated by the borrower.

Remember, beyond their numerous advantages (100% private financing, realtors, national TV exposure, etc.), the fees they're paid per show provide a significant buffer against paying too much, cost overruns, and optimistic ARV's.

They realize their 17% rental to total housing stock ratio is about half of the national average, right? 

This I strongly feel is the reason we have grown our property management company to almost 500 SF doors with basically no low income properties and we also are a National Award Winner by Business Excellence.It's funny because I have been approached to publish a book recently, except they are not wanting to know our successes, they want to hear in detail our failures and how we worked thru them.