Part of that reassurance comes from bringing some experience to the table and a proven track record of investing successfully.

By the way, she doesnt turn on the heat then turn it off: she has never turned it on. she uses a small table top electric heater when she's home.Your suggestion is my "option 1" which Im afraid will be too costly for both of us.

In my humble opinion, if you want low, competitive rates, fast closings and great service, work with a broker.I'm also an investor and have been on the other side of the table. 

So best next action is to start removing things off the table, take away options, start eliminating things. 

During my Longmont deal, I realized how important it was to have someone who not only brought resources to the table but also shared the workload and decision-making.

Often times investors will plan seller financing strategies before asking the owner if its even on the table. 

Learn the lawsDon't use a contract "off the internet", laws vary by state and are also regulated on a federal level Learn the financing techniques correctlyDon’t skip parts of the processDon’t ever do a “kitchen table” closingUse the proper deedAn attorney can help you with the legal work, but the rest you are on your ownYour guru will not bail you out“Investing” in someone else’s deal by providing a small 2nd loan so the “investor” can pay for “cash to the seller” and for “closing costs” so he can do the deal is a very bad planKnow what problems can ariseLearn the responses and solutions to problems before they are needed Know everything there is to know about Title and what that meansKnow who a "protected class" individual isLearn the "back doors"Learn human natureUnderstand timelinesUnderstand regulation enforcement (some of these "mistakes" have a 10 year statue of limitations ( they can charge you 10 years AFTER you do the transaction) and carry hefty fines and possible imprisonmentThe court doesn't accept "I didn't know" for an answer"Know that the source of the lead plays a serious role in some states and federallyKnow how much of a "profit" pushes the boundaries to invite an investigationYou can be sued by the seller if you don’t do things correctlyYou are automatically at fault if an investigator or attorney or regulator gets involved.

Kind of a advertisement and asking for help on how to take your business from you.What do you bring to the table?

From 9:45 to 20:30 walks through a summary of the proposal as well as options that the board has on the table.  

Notice that the table you just pasted in matches my Scenario 2 exactly.