So what I end up with is $52K in my pocket and a monthly cashflow in the difference between the 5.5% I'm paying and the 8% i'm charging my buyer.NOW, assuming that this clusterf*** of a transaction that I just described is even feasible, my next, and more important question is, what can I tell the current owners that will show them that this option is better than just listing it and selling it the old fashioned way?

I am interested in successes of those who have been able to perform wholesale transactions in Oklahoma successfully...semi-virtually. 

This law applies to certain properties only ("distressed homes" that are "in danger of foreclosure") and to certain transactions only ("distressed home conveyance" where a "distressed home owner" continues to occupy the property).

I've never done those transactions.

This would avoid all confusion and make for a much more simple transaction for everyone.

Has anyone completed any recent transactions or have any insights they'd like to share?

Hi everyone, I am a research associate for a nation-wide luxury residential development advisory firm, and a real estate agent in NJ.I am posting a simple sample transaction summary below for a 4-unit brick apartment building.

I should have reached out to an actual investor and not a transactional mentor.  

@Kay Kim Yes, you can get a construction loan, it depends on the specifics of the transaction.

In the meantime, you should probably be keeping a P & L on a spreadsheet to keep track of transactions.