I will have title bond over the lien if its filed (which 90% of liens are filed incorrectly anyways). 

The cap rate around 8.5% (when the local average is 7-9%), I think this price point potentially strengthens the property’s cash flow appeal.All units are rented on 12-month leases, and the seller reported annual expenses around $22,075.

Learning from this data, negative MoM real estate private investment occurred for FOUR QUARTERS dating from Q3 2008 , it's all negative until Q4 2009.In this 2022/2023 downturn cycle, we started the negative performance on CRE on the 4th quarter, so if cycle repeats the same, at very least we have to wait for another two quarter data to see the improvement if any.Learning from 2008 experience, the CRE is stabilizing only *after* Fed reduced the FFR, I dont think it's a coincidence that bond market started expecting Fed to decrease rate by April 2024 next year.

You clearly missed your calling, you were meant to be James Bond.

I think (not sure) its relevant to my bond rating.

I think we've especially bonded because not only was it one of his first purchases, but also one of my earlier representations as a facilitator of multifamily investments! 

You can't sell a portion of a property like you can sell portions of stocks, bonds, mutual funds, etc.

Is there a type of mortgage insurance or bond you can get for owner financing that secures his position? 

Not only that he gets stepped up basis and sell with no tax  double check that with accountant but I think that is correct.. then take the cash put it in 5% gov bonds for now then get up to speed and see what you really want to do. 

Many jurisdictions will not record a subdivision plat until you've put in (or bonded) the infrastructure (power, sewer, water, roads, etc).