I am working with two investors. They haven't agreed yet, but I think they will.. The plan is that the buyers pick out the home, The investor will buy it and either sell it to them and carry the mortgage, or sell it using a contract for deed. In either case it will work pretty much the same way. The investor will raise the price and charge interest on the new value. The assumption is the the buyer cannot buy a home themselves because they lack one or two of the following. good credit; a downpayment; low debt to income ratio 

Heres an example of how it might work.  the investor will pay 90k for a distressed home.put 10k in it to fix it up and sell it to the new homeowner at 150k at 7% interest.  and a 5 year baloon. which works out to over a double  in five years.(thats better than 20% a year compounded. If the investor has a line of credit or some other way to finance his $100000. and we assume he can borrow at prime (today 5.25%) he will make over $75000 in three years with none of his own capital invested

A few years ago subprime mortgages originated by Countrywide and others were sold to wallstreet where they were sliced and diced and packaged into CMO's that were sold to investors. Im suggesting we cut out the middle men and bring the buyers and the investors together directly.