For the most part you should be ok as long as you fully disclose that you are an agent.  

This is called delayed financing and it works great as long as you meet all the guides and do it in less than 6 months from the purchase date.You look like you're on your way and good luck to you Sir. 

As long as it's working for you, there is nothing better than that.

If someone question that, simply say "In the event I change my mind and decide not to buy this property, as long as I find a buyer who  will pay you what we agreed, are you OK with that?"

I don't see a problem as long as you give them your full name and phone number.Joe Gore

I agree that moving to the other property might be the most "by the book" way to handle this but I'm not sure the bank would care as long as the mortgage is being paid.

From my research most states don't consider it a sale as long as there is no consideration (money) involved if it's an llc..

-You can get a conventional loan as long as you have at least 5% down ( 20 or more you'll avoid mortgage insurance ) and again you would have to get cancelled checks for 12 mths showing that  you're not paying the mortgage.- The family member living in the home could purchase it if they qualify as well.   

As long as you do all of these things, you won't have to worry about some of the nasty stuff I dealt with.

As long as that contact is limited to just attempting to get the borrower to acknowledge the problem and begin working through it, basically get them to become proactive in looking at their options and deciding what if anything they can do about it are you still compliant and legally able to make that contact?