I haven't read too much about the concepts and strategies for owner financing land so was wondering what questions I should be asking to determine if I should jump on the deal or not.I have 10k saved up so I'm confident I can make the payments for a good while, enough to see if my exit strategy will work?

@Austin Carr the concept has many names and from all I can tell works if it is followed.

And both values must be calculated using software so it isn't any harder to determine their values (besides deciding your safe rate and reinvestment rate).I appreciate the importance of IRR as a form of training wheels since the concept is already difficult to grasp; someone learning shouldn't try to jump straight to understanding MIRR.

I recently came across the BP podcasts for both real estate and personal finance and have become obsessed with the concept of using real estate to become financially independent. 

But if you remember the premise of what crowdfunding really is (a new word for a very old concept) you can find Tenants In Common projects that will allow non-accredited investors and be 1031 compliant.  

I am a newbie in all sense but if I can focus on trying to grasp this concept, I may have a chance at a real possibility like this sooner rather than later.Thank you all in advance who reply.Much respect,Dan Nieves

Banks are not stupid and the concept of putting a property into a Trust, while legal, makes it far simpler for the bank to do a sort on their current loan portfolio for all loans with the word "Trust" in them and call them all due en masse or as groups, because the banks know they didn't lend to a Trust, they lent to an individual. 

Many times it is easy to lose sight of this very basic concept, and as a result, mean great real estate deals are lost.

Have you seen those micro storages I was up in BC ( British Columbia) fishing a few weeks back and saw a big billboard advertising micro storage.. and I have seen that In my travels to Europe.. that's an interesting concept for urban environment.

Especially if that person cannot explain the concept to you sufficiently on their own.