He has $50K to put down and plenty to do whatever renovations he would want to make.

Plenty exist for private lenders (which is what seller financing is) and can track payments and am tables and also do automatic electronic withdrawal (ACH debit) which helps improve the likelihood of getting paid promptly each month.

Quote from @Bob Schulte: I’ve seen plenty of private money lending stories go south, and it’s definitely a topic worth discussing.

It seems there are plenty of ways to be penny-wise and pound-foolish. 

It is growing like a weed and there plenty of growth left to be had. 

Id keep looking if it was not an approved short sale ( even an approved short sale takes a very very long time and theres no guarantee that you will even close on the house after months of waiting). q1)There are plenty of non traditional lenders that could offer you construction financing if the numbers make sense but it will cost you with points and a higher rate.

There's plenty of great areas for REI up there, no?

Ike, there are plenty of great property management companies in Atlanta but you still have to check behind them.

There are plenty other resources but the first is to educate

There are plenty of resources online including anderson youtube channel, few other sources are :https://wcginc.com/kb/ and https://wcginc.com/fee-structu... -- They have fixed fee structure to compare with anderson advisors without any blatant selling tactics https://www.kbkg.com/" class="redactor-autoparser-object">https://www.kbkg.com/https://go.empiretaxusa.com/61...If you attend any tax-wise or other 3 day events with anderson which costs $197 + travel expenses you will get enough knowledge on how they operate and you should be able to understand what LLC structure is beneficial, also they have a large collection of online videos with plentiful of information on youtube and tax tuesday webinars.