Since lending licenses are state issued (unless you are a federally licensed depository) and since most states require in one form or another a state license, if the state has no such licensing and regulatory authority, rent to own and lease to own become illegal to engage in by fiat.Lease with an option to purchase is another matter, and a complicated one at that.

I think what Brandon meant was just that BANK financing is more complicated with the LLCs than it would be for private investors.  

Agency can be a very complicated issue, and is one of the most misunderstood subjects by even some of us in the profession, let alone the consumer.I hope this helps, but again, please consult with an attorney.

v=fx2ClTpnAAsThe Big Short is a fascinating real-life story on how greed and complicity caused a worldwide financial meltdown.

Sometimes we try to over complicate things when there is a simpler path.

I want to make sure to get it locked in but I also don't want to scare him off with a bunch of complicated mucky muck. 

That's what you have to give in exchange for the low rates/longer amortizations/lower fees.  6% is almost bank portfolio loan rates.  10% with a few points is going to be more realistic for private money, and with the complicated (i.e. more risky) scenario you described above, HML is probably the best bet.  

Hi @Jason Schultz, well it's more complicated than flipping houses and notes/brokering have more regulated restrictions since you are dealing with a loan and various consumer protection regs.

Would that complicate my mortgage if it was an FHA and I wanted to move out.

I mean, I dread the thought of I would be charged for a deal that is actually complicated and requires time to complete...Should I have asked for fees upfront?