In fact, when it comes to acceptance and use of security deposits, there are a number of pitfalls that can expose landlords to a great deal of liability.

Unfortunately, due to the potential pitfalls several investors I know have stopped doing land contracts.

I am looking for advice/pit-falls of owning larger units - advice.

This may be an issue under securities laws in brokering contracts as you are not selling a property but a financial purchase agreement, much like brokering commercial paper or receivables.It could easily look like a real mess full of pitfalls as RE agency relationships and business is not designed to support the concept of wholesaling with non-owners, you'll need to weave services allowed into their investing model.There is so much business out there to do straight up deals by agents who are willing to work and learn than to spin their wheels trying to devise some off shoot model, getting creative which requires more expertise and knowledge than staying on the normal and accepted course of business.

What pitfalls can people for see in this situation?

The solution may be just this simple, but still consult an attorney just in case there are hidden pitfalls.

If it's it's long terms, say 7-30 years, LTV is 30-50%A few questions arise...1. with this route, is there any pitfall I need to be aware of?

My base-knowledge was great, but I needed the advice from experts that helped me avoid pitfalls.

Any little things or pitfalls I should be aware of?

Are there any pitfalls to this line of thinking?