They also finance like a normal stick-built home. 

Thanks, Gary Neely  Whenever I do a seller financed deal, I utilize my normal brokerage contract and write the general financing terms on the contract.

I still live at home with my parents, so I don’t have any expenses besides car insurance and phone bill.

I bought some of the properties that had gone up but they did not have time to effect a normal sale..

Either way, would I be taxed at the normal capital gains rate (for me it’s 15%) for each share that sells?

You'll see homes go for 300-400k, even new builds, on the side of Williford / Crestmere (on the side of the church), yet the very next street over on N Hollywood you'll get iron fences, 7 car packed driveways, and the occasional stray bullets.Investing in Memphis requires hyperlocal awareness.

They live in an expensive house in an expensive neighborhood, they drive a car they owe money on, and they complain that their wife doesn't let them invest anything in real estate.

Is it normal to go through Escrow ?

The hurdle you will run into is that a purchase money loan (mortgage, car loan, etc.) is a preferred status under the law and will take priority over other debts and claims against your assets.

Our current renter is likely to be renting for 4 years as she has kids at local school and 4 years would see them through to going to college.We have an old detached 1.5 garage that has functional automatic garage door, and just fits their car....not that they do it very often as I think it is a challenge.