I've been told by 1031 accommodator it would be an All Inclusive Deed of Trust where the seller has a note with me for the same as his loan balance.

This isn't inclusive but should give you a good start.

This isn't inclusive but should give you a good start.

Set the price right and figure out how you will work the utlitilies if it is inclusive since you rent by the room you need to include an allowance in rent. 

It's not inclusive and no PM is going to answer all these questions, but you can find out a lot by reading their PM Agreement, Lease Agreement, looking at their website, etc.Remember: cheaper doesn't mean you'll make more money.Start by going to www.narpm.org to search their directory of managers.

This isn't inclusive but should give you a good start.

Assuming yes to both first questions and you put 20% down ($107,200), and also assuming 15% of rents allocated to CAPEX/Maintenance/Vacancy, you're looking at a net $800/month profit and a 8.95% COC return (not inclusive of future appreciation, loan paydown, tax benefits if any).Of that 15% allocated to CAPEX/Maintenance/Vacancy, say 10% is allocated to CAPEX/Maintenance. 

You've got the main few: Seller Carryback (All-Inclusive Mortgage, All-Inclusive Trust Deed or AITD)Land Contract (Contract for Deed, Contract for Sale, Installment Sale)Lease Option (or the alternative Lease Option, Rent-to-Own)Subject-To (sub2, Assumable Mortgage)Wraparound Mortgage (2nd Mortgage, Junior Mortgage)The issue I'm having is this... what is the true purpose or usefulness of a Land Contract?

For example, my first deal was at 12% interest with a 5% all inclusive origination fee (aka points, junk fees, etc).

In our purchase agreement, we always insist on disclosure of any environmental assessments or engineering studies and inclusion of the related reports in the diligence materials provided to us.