Once the now performing, modified note has a 12-24 month payment history, the note holder should have an asset with a significant capital gain.Note secured by commercial property carry rather light regulatory baggage.  

I am not an insurance agent or an attorney but you could call your insurance company and they can let you know your coverage and options.I also carry a personal umbrella insurance policy as added protection just in case.  

Joseph Ask the seller to carry the financing.

thanks Better yet, let the investor pay for the property and pay for materials and pay carrying costs while you manage and do the contracting side.

Thanks Ask the seller to carry the note (owner financing) for a short period of time while you find other permanent financing.

Seller wants 250k down, 130k annually, and will carry the note for 20 yrs. 

Carry’s a 6 month jail sentence.

The rest goes towards our mortgage or vehicles and we carry no credit card debt with a combined $14k we owe on both of our vehicles.We are now looking to start purchasing rentals to expand our portfolio.

You definitely don't want to donate your sweat equity to the owner or hard money lenders, so you may need to find a partner to carry the financing.

It caused some stress as we were carrying two mortgages for a few months and we lived a few hours away from the property.