He has no rights to the property other than in the event of a default on your contract.

Then, look at their uncured default rate (the rate borrowers default and the platform has to go into foreclosure to try to recover funds).  

the possibility that he defaults and you end up with his properties?

Most brokerages have default methods but also allow you to choose exactly which shares are sold, the ones recently purchased or the ones from a decade ago. 

I like to show this map of Ybor's future redevelopment plans to investors thinking about purchasing buy and hold investments in Ybor. https://www.tampagov.net/sites/default/files/econo...

FHA is supposed to be a gov't backed "second chance" for folks with bruised credit (& for that purpose, it is indeed a great tool for the toolbox), not the default go-to for anyone putting less than 20% down on a SFR that it has become due to lender profitability.

If you do that you need a contract that is rock solid in your favor in case the investor defaults.

So even though the loan is made to your LLC, if the loan goes into default, you're ultimately responsible.An LLC will certainly protect you in the case of a lawsuit.

Or, you can get the deed, again conveying ownership, and cure the default (make up the back payments) and make payments on the original mortgage.

I visited two different county courthouses to drop in on the chancery clerk to see if I could use public record (Notice of Sale/Default in particular) to generate pre-foreclosure leads.