It's a matter of controlling the conversation and getting the vital information before you invest any more of your time with them.

Saying the owner would allow 50k to a homeowner shows personal attachment, meaning they may not be motivated in reality.They are in no position to dictate who buys, that limits your ability to operate, so you need to work on them as to a sence or urgency.Get rid of the muchers if they are there.After the loan is brought current you can look to a wrap arrangement, a lease/option would allow control, a sub-2 put someone in to make repairs.

There is nothing wrong with creative financing, necessarily, but anything other than traditional bank financing usually has you paying higher rates, higher downs, lower returns, less control or some combination thereof.

Another possible minus: If you have dimmer controls (I can't imagine any for this type of lighting, but just in case), then CFL and LED aren't always compatible with dimmers.

But if the right controls, vetting process, and background checks were in place can it work?

If he has $15K in cash already and has decent income/credit score, he could get a loan to get the remaining cash from either Lending Club or Prosper (or both).

Since your HML actually controls the cash, you could supply a pre-approval for the loan amount.

I assume the pest control work had to be done prior to, or soon after closing, for your financing, so you were going to pay cash out of pocket.

The seller on the title wants to sell, but for some reason his brother is taking control of him.

Because of personal issues beyond my control, I had to let my license expire and focus all my attention on other things.