After all, to have read something that is truly beneficial and has had a positive effect, why wouldn't you want to share it?

Ultimate goal is to own everything free and clear and eventually build up enough cash flow to to cause a mass effect.

It's really not a trick, it's the old-fashioned necessity of having a partner, having your lender relationships set up in advance of finding the deals.

Simple but effective.

The owner of the house is still on the deed and that person is the only one that can deal with you legally, unless some waivers are signed.If the property has been foreclosed on and bought back by the bank at auction, the bank can deal with you but may have already signed an agreement with a Realtor.If you have a good relationship with a local bank they may offer you the chance to buy a property before they list with a Realtor.

If you have a relationship with a title company, they will likely run a preliminary title report for you for free.

I was thinking generally (and hypothetically) along these lines:* Deal with folks where we have pre-existing relationships* 10yr fixed rate - pay around 7.25% fixed for 10 years (this would be set at loan origination around the 10yr tsy plus 5.0%, or possibly the 30yr avg fixed rate + 2.5-3.0%); interest only ideally, or possibly 30-year amort* Right by borrower to substitute collateral to maintain the LTV (if we want to sell a property)* 1st mtg, 75% LTV on new appraisal value* One investor per property, in 1st lien position* Property rehabbed, seasoned for at least 90 days with tenant in place with term leaseHow have you addressed lender concerns around investment safety and illiquidity?

Most everyone here is here for business, but some just can't answer something without under the radar plugs.If you are really considering a million dollar second home, which makes some here salivate, you already have a tax attorney or CPA, an attorney, a bank relationship (or several) and you're no dummy in business matters. :)

If you can assign, then your capital partner can effect a loan and you can do a partnership where the principal loan has first priority of payment.

The problem you are describing is the effect of countless possible causes.