seller financed purchases-Md - SAFE act

[Tamarra Banks]

I was @ a conference and heard a presentation on creative seller financing. A scenario presented was to give seller downpayment and agree to monthly payment for a specefied amount of time. The presenters talked about the SAFE act that has made seller financing a little more difficult.They mentioned homestead property,using a licensed mortgage broker and other concepts im not familiar with. I couldnt afford to buy their package so can someone help explain the process of seller financing. There's a 2 unit property that i was going to talk to a seller to wholesale but if i can do seller financing,i would buy the property. If i offer seller $8,000 downpayment - $700/mo to have paid off in 4 yrs. Will this work? Who would i get to handle the paperwork? The rent total can be $1400 to $1800/mo when fully occupied. Thanks in advance for any responses.

Tamarra