I have had some that do.. but to base a business model on that as being an exit is highly risky.3. your then creating your own second with you and the trustor ( borrower) and you as the Bene ( Beneficiary) and you proceed to rip all your own cash out of the deal so in essence you have created 100% financing put in a lease option tenant and now have no real skin in the game.4. your seconds are probably of some shorter term than the first most likely. so as an underwriter of a loanwe have a 100% ltv loan first and second your now in second and if there is a default you need to clear the first.you have a lease option tenant that if they dont' pay you may need to do a judicial foreclosure to clear that document.and you as the sponsor took the money you got on the second and bought another property or took a vacation or what have you.. it becomes a house of cards and like I said highly risky.these lenders your proposing just need to be what they are capital partners and you should include them in upside to couch this as some sort of great note investment..

The sponsor should have skin in the game all the way until the bitter (or sweet) end.Hope this is helpful. 

All of us here on this forum have skin in the game -- and in our hearts, we know better. 

Advertise what is actually being done to your potential customers.... make sure to include the part about them getting well below market value, the part where you have no skin in the game and can leave them high and dry and in a worse position than they already are, the part where you don’t have a buyer lined up and don’t forget to include the part about how it’s considered illegal in certain parts of the country.... let me know how your brokerage does...

They have more skin in the game then you do.Make sure you get clear title.

I'm always amazed at how people try to get lenders/financial institutions to change the rules to fit their situation instead of changing their situation to fit the rules (Again, making no assumptions the OP or anyone else fits that declaration).Scammers love "subject to" because the scammers only have an upside potential and no downside because they have no skin in the game (Outside of maybe reinstating a defaulted loan) and, no liability for being wrong. 

But this is a public internet forum, so toughen your skin and ignore the haters and embrace the good advice. 

CA just skins alive high income people with the highest state income tax in the U.S.

Even if they don't appreciate it's no skin off your back. 

I understand that you have more skin in the game then most as you have intellectual property and credibility on the line and must defend what you are passionate about.