You need to become more of a transactional engineer to facilitate the desired outcome Brian, it goes with experience and knowing how to apply your talents and knowledge to achieve the ultimate goal, just as in life.

http://homeguides.sfgate.com/effect-prime-rate-mortgage-interest-rates-8866.html

Was the transaction closed with a professional or privately?

If the property is overpriced and cannot appraise for the purchase price, you will find out then and can most likely get out of the transaction with your earnest money deposit.

One thing I was going to add was to also consider what effect the conversion would have on the value of the property, on top of the additional cash flow.Hope to see you post another analysis soon, keep looking!

The Home Inspection aids the Seller to this end and will henceforth be part of any recent transaction of the property. ( I believe but am not certain that a home inspection, if conducted, becomes part of the required disclosures thereafter).

My question: If I have an attorney prepare the note of Trust Indenture to be recorded at the county courthouse, use a title company for the rest of the transaction, and use a third party servicer for payments and escrow, wouldthat satisfy SAFE act requirements?

Sorry, but based on your writing and description of events, it's difficult to tell what's really going on here...I will offer this though -- if you're not comfortable representing yourself in a transaction, you should have your own agent.

It is really important to learn the jargon, the contract details, and the ins and outs of real estate transactions from someone who has experience.

That said, start reading the wholesaling forums, learn about how real estate transactions work, and perhaps speak with a local attorney who is familiar with real estate contracts and real estate law.