For some of my properties I mail the tenants a bill every month on the 17th and include an instruction on how to pay rent.

There is a lot of bad instruction/information out there. 

The path I want to take is working with motivated sellers who are willing to provide seller financing while transferring the deed so then I can then resell the the deed to a motivated buyer and in turn for me become the bank that controls a note on the property.I have found guru course out there like Ian Flannigan's "Hidden Cash Flow Fortunes" which cost a arm and a leg ($1,497) to get started with.

This information is always hidden from the public.  

Thank you @Dan Gheesling for proving the step-by-step instructions for getting this done without the need for using any external services.

If you have not made the contract with the seller yet then put both names as the buyer in the contract then just assign to your end buyer but instruct your title company or attorney to split your proceeds 50/50.

You will also need to give Bill your wiring instructions for your bank and work out any draw schedule.No offense, but this is not a good investment for Bill, the LTV is way to high and you have no skin in the game, i would not do this loan, but maybe Bill is more trusting, good luck.Rick

Here's how I do it:1 - Set up an escrow account where the money from the loan goes first with instructions that the funds are not to be released until...2 - There is a guaranteed investment where the returns cover the loan payments.  

The information in your DNB gives the vendor information like your address, hidden partners and their addresses, how long you have been in business. it is a snapshot of your structure.

As people leave the open house hand out the application forms with clearly written instructions indicating any missing information on the form will be a automatic rejection.