You have to tell me, but let's say it's $1,000If I'm a buy and hold investor looking for positive monthly cash flow of at least 10% per year, I need to make a net profit of $125 per month if I were to pay off the existing $55K mortgage using a conventional 20% down mortgage, 6% APR based on the following:Mortgage owed: $55K20% down = $11K + closing costs = required investment (say $15K)10% ROI on investment = $1,500/year = $125/monthNew mortgage owed: $11K with a monthly payment of $386 principle and interestEstimate taxes and insurance at $175/month based on 3%/year of market valueMonthly PITI cost: $561/monthOther property management costs: $200/monthTotal monthly cost: $761/monthMonthly rent: $1,000Monthly profit: $239/month = 19% ROIInvestor is looking for 10%, so you give the investor $125 and you split the rest of the monthly profit between you and the seller ($114/month)Takes 175 months (over 14 years) for you and the seller to make $20K, but you've made a deal where you've sold house so there's no mortgage on the seller's credit (didn't do subject to or seller finance), there's no out of pocket costs for you or the seller, you both have monthly income for the life of the mortgage and you can actually create second and third mortgages against the property to secure your position, so if the new buyer sells, you must be paid your $15K and $5K respectively.There are a whole bunch of assumptions that you will need to verify and tighten, but the concept I am trying to show is that you can always make a deal even when there doesn't look like one. 

You can solicit under 506(c) as long as you "reasonably verify" they're accredited.Financial planners aren't going to steer their clients to you.  

What might a business person do to fix their (prior) business model of selling in GA on contract for deed to un-verified borrowers re their ability to repay?

The developer could have the best intentions however you need to verify all costs and projections.  

By then, you'd be 2 years out of college with verifiable income in order to qualify for your own mortgage through a bank, and buy him out of the property.couple other notes:-If you're wholesaling, you don't need people to help finance the deal.

You need to base any purchase decision on actual verified comps along with active listings from the local MLS.

Verified collections?

If it was the seller, always good to 'trust but verify'.

To verify, there is No 10 day right of redemption for the owner.  

I want to incorporate online marketing, so I can grab a piece of that market, but I want to verify that Charleston, SC is a good fit for it before I invest the money.