In a smaller scale, this is why landlords try to collect as much money upfront as much as possible (e.g. security deposits, first month's rent, last month's rent, etc.). 

Granted you price deal right .

I don’t mind paying a fee once I secure the lending. 

Originally posted by @Grant Rothenburger:Stage two bubble...

Granted, I'm only on episode 151 which is a few years old, but certainly not drastically old. 

The property must be the only security for the loan.

Granted, the book isn't real estate specific but you must understand how to connect with people if you are going to be successful.  

For example, find a secured loan @ 12% for 12 months or less. 

Form an addendum that Jack and Jill sign where Jill acknowledges she will be taking over for full rental payments, damages to the property, and security deposit (would not recommend giving half back to Jack you could argue this would cover him getting of his lease agreement early).  

I did a quick claim deed that granted me a home and then the home went into foreclosure but was rescinded.