Owner financing a portfolio

[Matt Thompson]

I am a newbie and stumbled my way into a good deal but it is a little over my head. I am in negotiations right now to purchase 5-7 properties on terms. My question is how do I structure this. Defer closing til the end of the note? Get my name on the deeds and put him as lien holder?  Would that violate the more than 3 owner financing rule without a mortgage lenders license even though it is only one note? I need some help. Just to clarify when I say newbie I mean I just finished rich dad poor dad and started learning about real estate a few weeks ago. I am as green as could be. I took action..now what?