Our current mortgage terms include a late fee after 5 days, so they’re already paying extra each month and have to split the total monthly payment up between 2-3 payments when they get their pay check.

So the turnkey company has made 50k on their flip without needing to pay realtor fees of 6%.

I am thinking construction loan, but how to pay for it while the construction is going on is a different story.   

Electric heat can be very expensive in the winter so I would always encourage landlords to have tenants pay utilities so they have some incentive to conserve.

Which is somewhat frustrating if a flipper would pay 5-10k for it at that price.

How much is this individual paying to park a trailer there?

After collecting tenant pass-throughs for the year, do you pay the property taxes at the end of the year or the beginning of the next year?

:)As for LTR rental terms, usually we sign a 1 year lease where tenants are expected to pay Electric and Gas if applicable, while the owner typically pays water/sewer/trash with the city. 

Quote from @Jake Handler: For anyone that has been a buyer or seller of a seller finance property, what method of payment and tracking did you use for buyer to pay seller monthly? 

@Helena Lee, I do not have experience with it, BUT I would expect to pay capital gains on the bitcoin.