I try to negotiate a win-win scenario.

You don't need to make all your money on your first deal.

This is what blows my mind about the cults of seller finance - they teach you to pay anything for a home because you can put little money into it.

If you cash flow $1K per month for 36 months, and then sell with the ability to pull back your original investment, would you consider that a win?

Of course, what they paid isn’t going to take into account the money they have spent on renovations or remodeling, which can be substantial.  

I prefer to not hire an attorney unless I must because I am afraid it will cost a lot of money.

I assume any painter / handyman doing your turnover could do that kind of touch up in almost no time for almost no money.  

For Neal it may be win-loss of 50-50 or 60-40, both not bad on average for funds. 

If you have questions about any of this stuff feel free to ask or PM me and I'll be happy to help I won't be doing it to try and win some business, I am just happy to help if I can. 

As soon as a tenant fails to pay rent, you can file a complaint without waiting 30 days or issuing a separate notice (unless your lease requires one).That being said, it could be a waste of time/fees to run to court because tenants in NJ may come even on rent (even after you win the eviction case) and then they won't be evicted: “The tenant shall have three business days after service of the warrant for removal to pay all rent due.”