Thanks, Gary Neely Gary, Just use you standard state contract and write out the terms of your seller financing in an addendum or on the OTP itself if there's lines for additional provisions.Be clear and concise.Example,Seller will carry a promissory note secured by a 1st position mortgage in the amount $97,583.00, at 6% interest, amortized over 30 years, witha a maturity date and balloon payment due 10 years after the closing date.Hope this helps and certainly get an attorney involved if you are not comfortable drafting the language.  

It can also file lawsuits, be sued separately from the parent LLC, enter into contracts, hold title and secure interest in assets.

Schedule a time to visit the rental and do a walk-through to ensure it is safe (no running water, temp adjusted, trash hauled out, etc.) and secure.

He was unable to secure the investors. 

It helps getting a good deal on a property and securing financing.

It is really the seller who is unethical and in breach of contract of their "exclusive right to sell".

My assumption is that she'll say 30 days is not enough time to find a new place (if she can't promptly pay her under market rent, how will she come up with first and security deposit elsewhere), will not finish paying her May rent and won't pay June either so trying to see if it's best practice to have that eviction filing in process as an incentive for the tenant to move along quickly.As a note to others in a similar situation, what I've read here in the forums that I didn't adhere to was "stick to the lease" and if someone is a consistent problem, they're not going to turn on a dime and get better, you have to protect your investment and part ways when things aren't working.Any insight appreciated.

There's zero security if payment is accidentally sent to wrong person.

If that policy is canceled and the tenant doesn't provide evidence of insurance as stipulated in the contract, the contract has been breached.8. 

Make sure you aren’t “selling securities” or it’s going to get expensive.