They will only reimburse you after you close your first escrow/transaction.

Im closing in the next couple days on two more SF and a duplex. both SF all in 75k each rent will be about 1500, value about 115- 120k, Duplex all in 90k with 1800 rent.

Sorry for being long winded but my grandma always said "closed mouths don't get fed"..... so FEED ME!!!!

You really want to be close. 

The only difference is the seller is behind on payments, which is irrelevant if the sale covers all the debt and can occur before the foreclosure sale date. 

@Whitney Bivins, it doesn't sound like a deal killer to me as long as the seller cooperates and provides concessions at closing.

I am targeting homeowners with dilapidated homes that need repair and offering to pay for the rehab and split the profits with them at the end of the project after the sale of the home. 

Don't want to them to enact the due on sale clause if I move the title into an LLC.

The idea that you can build wealth without putting any money into it is a recipe for disaster and the sales pitch of gurus trying to steal your money.

This would be done by leveraging private funding for down payments that will be payment free for two years but then paid out with a balloon payment plus interest on the back end via a tax excluded sale of our current rental property in two years, giving us a very large payment of tax-free income.Thoughts?