How to owner financing with the new dodd frank law

[Chip Chronister]

First thanks for all of the post about Dodd Frank and it has my head spinning.

In the past I have done some owner financing and L/O (with rent credits)

I plan on doing more that 3 this year and I would like to know from people on this board how they are going to do their deals. The law states that you can do no more that 3 per year per entity. What do you describe per entity? Can you do 3 in a separate trust, or each deal in its own trust? Can you just build an LLC for every 3 deals?

Right now I am giving my buyers a L/O purchase with no rent credits and in 1 to 2 years then I will owner finance them (giving me some time to figure things out), Now since I cant give them a rent credit per month can I put a price on the house and say drop it 5% if they make all of their payments on time?