As an agent, you can also represent yourself and put your commission toward the down payment, further lowering your out of pocket costs.

Who do you think takes the gravy in these transactions? 

I would absolutely use an attorney to facilitate this type of transaction.

Legal and Regulatory HurdlesReal estate transactions involve legal complexities that can overwhelm newcomers.Solution: Learn about legal requirements early on and seek professional advice when needed.

I’ve talked to a number of investors and they can’t get 10% down on owner finance transactions were the deed transfers at closing.I operate in 4 or 5 markets.

I remember spending entire weekends crunching numbers, gathering receipts from random shoeboxes and backtracking through countless transactions in my bank account.

We really want take advantage of accelerated depreciation to lower our tax liability. 

. $220,000 is definitely a lower purchase price amount and really limits you on what you can buy.

Rental portfolios would be a quicker way in - as you could possibly buy numerous properties in one transaction.  

Do they require payment on site or do they give you a certain number of days to close the transaction?