But now I'm getting check from the title company and have to put that in the bank. 

Since the property is free and clear, you might consider reaching out to local banks or credit unions, as they often have more flexibility for smaller loans.

I am planning to include the estimated property value and the funds that will be transferred into the business bank accounts.

. :)@Ronald Rohde  yes, I can get a 5.75 -6% with my local bank.

I also have put a spread sheet together showing the totals for both owner financing and bank loan.

I also checked their 6 months bank statements and it seems like they are able to pay all their bills from her income alone.  

@Bjorn Ahlblad Good point, although I'm failing to see what the potential consequences could be, maybe I'm not thinking beyond what i saw. 

A lot of them get multiple phone calls or letters in the mail but just keep in mind when you use a Big Bank (FDIC) you "Do not" pay points.

In practice how Mello Roos works is you create a political subdivision and apply to the county they approve the area for the Bond issue.. you need Bond council and a investment bank to create and sell the bonds. once the Bond issue is approved this allows the developer to get a Bridge loan to build said improvements ( that are usually 5 to 50 million or so) Once improvements are in  and taken over by the county the Bond money is released and is used to pay off the Bridge lender..

Hi DanI know my bank does HELOCs on investment properties.