Mitigating Risk on Owner Finance Deal

[Aaron Rowzee]

I apologize if this has been asked a billion times before, as I'm trying to understand all of the abbreviations and vocabulary.

For owner finance purchases, is there a best practice or way to mitigate as much risk as possible when buying an investment property from someone that still owes a note? And conversely, is there a method of owner finance to absolutely avoid like the plague?