Unless there is some kind of exception to the Colorado SAFE Act (like you can use a "hired" MLO) your chances of finding a lender for an OO purchase are slim.Off the top of my head Alternatives (for you and your attorney to discuss): buy the property in an LLC or other "non-person", have the lender lend to the LLC, and have LLC membership/ownership as you and your wife, with an additional member being the lender upon your demise (or other events (including insolvency, etc.))

I would guess a wholesaler getting sued is a very rare event.

Kyle,Welcome, the best thing to do is to attend local Real Estate Investment Clubs and other networking events.

YOu will have to keep us informed how the sale of your girlfriends place goes.I look forward to meeting you at local REI Club events.

There's a facebook event page for the meetup with a map at https://www.facebook.com/events/400775253384742/ It shows the location and who in my facebook network is planning on attending.

In the event, no auction bidder made a high enough bid, the property will revert back to the Mortgagee who sent it to auction.

Lack of recording will deem the instrument unenforceable in the event of defaulted payment.

If they don't have anything in the bank at all now, they won't have anything in the bank come month 8 when some unforeseen event occurs - or come Xmas when the presents get prioritized over the rent.

http://www.meetup.com/SnoCo-Connected-Real-Estate-Investors/events/138912582/

Agree to contract in 18 months at the appraised value, when you do that, arbitration in the event of disagreements should be agreed to, such can be the average of two appraisals for example.I suggest, since you are a broker, you need to see your attorney to ensure this is a properly drawn agreement as you have more to lose and you'll be seen as the expert in the room if things go south.