Also called an AITD or All Inclusive Trust Deed; the buyer is using the "wrap" loan to make payments to the seller, who in turn continues paying on his original loan while deeding the property to the buyer; the original lender must agree to waive the "due on sale" provision in the original loan; can be an alternative when seller financing won't work because of the seller's loan on the property; original lender may grant permission for a "wrap" to be created; the buyer may qualify to assume the original loan; getting permission to "wrap" from lenders is not easy; there is a temptation for buyers and sellers to create undisclosed wrap agreements; lenders may commission ongoing research of title records looking for undisclosed liens; if discovered, the original lender can foreclose on the seller and the buyer would lose everything, including their down payment.

@Nick Seginowich. https://fordbergner.com/legal-practice-areas/texas-probate/alternatives/Check this out.

I agree that diversification is key to any good financial plan, and you need to think in a broad sense across all of your portfolio (taxable and tax-exempt) when making allocation decisions.That said, there are a lot of alternatives to the stock market that you can look at besides direct ownership in rental properties which you are already doing. 

Alternatively, if I'm listing my own property, I can agree to pay the Buyer's agent a split, and pay $0 on the listing side, however a minimal of $250 per transaction and likely a minimal Broker Review and EEO fee will be required by the Broker.  

You do not have a choice in the matter. 

Done deal.3) If a Member passed away their heirs have the choice to 'cash out' using the above formula, OR they can stay in and be a silent partner, their choice.

Why not foreclosure list... what exactly made you pick absentee owners from SOOOOO many choices out there?

I personally am a huge fan of wonky strategies in alternative investments.

Thanks for the alternate options, was thinking maybe a stager might have one.

I agree with Account ClosedTake this form 1003https://www.dropbox.com/s/lgtn...That is a standard mortgage pllication for federal mortgage applications.2 years tax returns.That should be enough for a conversation.DTI - Debt to income: big deal in mortgages.See http://www.fhahandbook.com/debt-ratios.php``````````````````````````````````````````````````````````That said, in OK land contracts are a good alternative to a mortgage.https://www.ok.gov/OREC/documents/Seller%20Financing%20(11-2015).pdfThe link above is a Seller Financing addendum for OK.I love OK for investing.