Tricky Double Closing Situation

[Pedro Machin]

Hey guys!

This is my first non-introduction post in BP, so here it goes:

I'm the buyer's agent/partner for a deal with an investor that I've worked with in the past. We have an accepted offer, but she's more risk averse than I am and given external factors, now wants to walk away from the property. However I think it has potential and would love for her to give me a mortgage on the house and repair value of the home (which I've done before with other investors). Of course this mortgage would be structure to cash flow.

In order to do that I was thinking that I could structure a deal as follows:

1. We sign an agreement that I intend to buy the home in X time.

2. Have her go ahead and buy the house.

3. Have her transfer the title to me for $1 and have her privately finance the mortgage of the home (at the same price she bought it initially) as well as the renovation costs.

The whole reason I'm thinking about going through all these Shenanigans is to avoid having this highly competitively priced home go back in the market. Since I am the current buyer's agent I would have a hard time trying to secure the deal again with the listing agent if I let the current deal fall through.

What do you guys think? Any big pitfalls that I am not seeing? Any suggestions on better ways to structure this deal?