Keeping a reliable handyman and contractor as he was paid hourly and ended up having to fire him because he was taking advantage of that time.

I think I put 2k down and paid 300 monthly until I paid out the 8k price.

These often include a preferred return for the investors and then a pre-determined cash flow distribution schedule between the sponsor and investors that includes the cash flow distribution waterfall based on either the IRR or EMx and possibly a GP Promote. 

Instead, target sellers who have an actual problem, sincerely engage them to learn the specifics, and then solve their problem (and ideally get paid)!

You have lots of other choices in the free and paid space. 

If you don't allow someone to access the property when they paid to do so, that sort of thing.Negligence is when you don't make a repair and someone is injured.

We negotiated the price down a bit from $350k to $340k and the construction company is committed to pay 2% of seller's paid costs as incentives if I use their preferred lender.

I got a referral one time and I brokered a 5 mil apartment building and made 2%  pretty easy transaction they were in a 1031 and paid cash..

Wondering how to build trust in him to do seller financing with us after this.For reference we have 100% close rate, my thoughts approaching this is to counter back and say the risk of default is very rare, if he's worried about the park defaulting he just needs to save up $20k in reserves and he'll get paid $70k in income for the park for the next 5 years while he waits for balloon.

And congrats on owning three paid off rentals!