Owner financing our rentals

[Sonu Sharma]

We have been investing with a buy and hold strategy where we bought off market properties in Dallas TX, rehabbed them using hard money loans and refinanced them with a 30 yr fixed mortgages. Although the rentals were good in the beginning in terms of cash flow, we have soon realized that tenants eat up into cash flows with constant issues. As an alternative to this we have heard that we could owner finance these homes and still make some money without the headaches of maintenance. The process seems daunting, confusing and laden with some legal stuff that are better understood before venturing out. Although we know that there is a risk involved with this and that we can sell the house as owner financed, we are mainly worried about the backend stuff after the house is owner financed like the following - how to manage changes in property taxes and escrows - which of the changes to pass on to the buyers as their mortgage payment from time to time - how to manage non payments, foreclosures - how to handle home insurance changes - how to handle refinances, sale of property - how to handle any legal issues where the buyer is not happy with the house despite disclosing every possible thing. - due on sale clause - we know some attorneys can fight this - anything else that we may have missed Would those of you who have done something similar know how these things are handled. Are there any companies that provide full service management that cover these issues ? Are there any mentor/videos that can guide us through this process ? Appreciate the help !