Austin reminds me of San Fran, and #s work, so that's where all my chips are going for now...

My interest rates on the two properties is 3.75 (plus mortgage insurance) and 3.25, respectively.That extra little chipping away will reduce about 7 years off new rental mortgage and about 5 years off my new primary.

Hi @Matt RosasI live in Sherman Oaks too.Contract for Sale is closest in Calif to a Land Contract, and it is an Installment Sale.A Home Owner with the Dodd Frank can sell on terms.

OK, All chips on the table, I have no money saved!

Thanks @Chip Chronister.

@Marvourneen Dolor There are some in royal oak and southfield.

Hi @Chip Chronister If you have the right property, that has all the bells and whistles for amenities, and the right location (good schools, lowest crime rates, etc) and offer that to a renter that needs assistance getting a mortgage (DTI and credit issues), that is the strength and value of a lease plus option.If it is a low quality property, no one with money for an option fee wants to live there, and you will have trouble filling the property.

The inspector starts walking to the old buildings and tells me ALL the chipping paint has to be addressed .

Thank all of you for chipping in with information regarding this sort of deal.From the looks of it, I should just talk to the seller and see if he would agree to paying me a fee to connect him with a motivated buyer.

Originally posted by @Chip Chronister: I am looking to owner finance some of my SFH and I want to be compliant with the dodd frank laws and I am needing to know where I can find a RMLO or who do you recommend for this.