When they are getting booted, all control is now in their court and they can, and some will, go to town on the place before there out.

Either is not good, if they have control over bad circumstances, do they want to suffer, or suffer a little more?

They calculate their default risks into the return.Its the same concept, invest $25 each in 100 diffferent people, expect 10% default, collect from the rest.Thats true, but in that case, the credit card company is in control.

Also no experience wholesaler will ever lose control of their deal.

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?

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