If the LC has not been recorded (common) in most places you don't have to foreclose if they don't make payments, but can just evict, a much quicker procedure.

;) That being said, it's a goal of mine to have it paid off much quicker than the loan via REI. 

If you owner finance, you may have to file a foreclosure to remove the purchaser not the easier/cheaper/quicker entry and detainer (eviction). 

I believe I can find properties quicker there that will cash flow and the purchase price is about a 1/3rd on average of what I would pay in the Phoenix area. 

Regardless of the outcome you will be laying out money or waiting months before a resolution is realized.

I hope to help you in the future and to react much quicker.  

We used the profit from the house and our savings to than supplement that with pure rentals to grow our houses quicker.

Hello REI's, Im David Pitman.Im a relatively new member and Im looking for connections in the Colorado Springs/Denver Area.I wear several "hats" in this industry.Im a contractor in Colorado but have Licenses for "Publ...

You will have a boss, and tasks to perform.However if your motivation is to simply make a good income, the team route can offer that quicker, as you will be piggybacking off of their reputation and in place marketing efforts.

Was it so that you would have quicker, better access to MLS?