He already manages 3 properties for a client of mine that are near that area.

@Steven N.I've probably done about 15 of these this year and I would say these results are pretty typical for my delayed financing clients.

@Ron Gallagher is one of my friends/clients who is actually killing it on a house hacking situation we got him a year or two back. 

The main thing you need to focus on is converting leads to clients.

Purchase price: $275,000 Cash invested: $275,000Built Custom Home for client in 2006, Purchased home during downturn in 2009What made you interested in investing in this type of deal?

They structure like an upreit where the client 1031s into a TIC interest and then contributes that interest into a membership interest in the entity that owns the property.  

The lenders that issue these loans are aware that clients put up no collateral or down payment, which makes the loans riskier for them.

Many of my clients have gone to Greenstone Farm Credit Services.

(no desk fee) etc and you can still make a referral fee for sending clients to full time agents.   

I only see this in commerical, and in hundreds of projects the only time I saw a client ALMOST use it was on a $20mm project where the GC was 1.5years late, even then the client didn't do it because of the difficulty.