I would suggest talking to your realtor or realtors and get their opinion.

Account ClosedBigger pockets provides great resources in their "tools" section, I think there is a document titled "Promissory note"You can also talk to any lawyer or a simple google search would do.More than the note, however, it is important that the two parties (lender and borrower) trust each other and live up to their commitments.  

Just takes some work and talking to the right people. 

Now when you're talking about auctions that's another ball of wax.  

Now you will have to talk to a tax professional and a lawyer about how this truly benefits you but it was explained to me as a major benefit.  

Talk to my agent - Cinthia Varkevisser.

The gentleman who was doing the "teaching" just kept talking about all his amazing deals and how he made 80-100 grand of a fix and flip.

That said, I'm sure someone on BP can talk through how they got the one-in-a-thousand deal using that tactic.You aptly point out that there is a fine line.  

I looked at apts for rent ads that sat to over a monthThen I called and asked if they would like all their rental headaches gone.And talked to them like a friend asked if it was easy Then said I would be happy to take their problems away as I was young with tons of energy to do repairs, evict bad tenets etcAnd all I wanted to do was pay them a set amount   Each month as opposed to the up-and-down rental situation that had gotten themselves into Believe it or not the conversation can Flovent Easley back-and-forth them finding out about me and me finding out about them and what they're able to do and want to do

I want to start by talking with people more about investing and finding creative and fun ways to invest in Real Estate.