There is room for maneuvering to create the zealous win win win transaction equity holders can only dream of!?

If you want people who will take your wholesale deals, you have to find the flippers and buy and holders(rental property owners) in your area, tell them that you're a wholesaler and understand their criteria.

It seems to require a lot of extra effort and paperwork for hard money lenders to have a 2nd lien-holder on the property, whether it be an IRA or a private investor's cash, so we thought this way would just bypass that and remove some headaches.  

In other words, a second lien holder (2nd mortgage) would get paid only if the house brought more money at the courthouse steps than was needed to satisfy the 1st mortgage.

Also many private note holders don't use service companies as a third party to account for all payments.Also if you are considering private notes which were written on SFD's after 7/21/2010 make sure they conform to Dodd Frank.

@M ZadehThis is a really good candidate for a hard money loan with you (assuming your credit is better than the fiance's) as the majority holder of the LLC and the fiance as a very limited (<20%) partner. 

The position of the option holder is still junior to that of the HOA right-of-first-refusal holder.  

The worst part is that he took no responsibility for the failed project, claiming it a "success in every sense of the word" and blaming "the market," and "the tykes holders" for not being more active in the discord group.

The lady refused to talk specifics [because I am not the mortgage holder] but she said that the property has 300,000 in mortgages.

I have seen "noob's" have issues with, say, a 5br home and trying to get that payment standard from a 3br voucher holder.