While interest rates may be higher, these lenders can provide quick financing for real estate investments.Remember to consult with legal and financial professionals to ensure that any alternative financing strategies comply with local regulations and protect all parties involved.

There's a third-party neutral that serves as witness to the agreement.

Focus on performing your day to day operations in a manner that will reduce the risk of claims in the first places such as hiring reputable service providers, sign contracts each time you engage a 3rd party vendor & collect insurance certificates where you are listed as additional insured from everyone who performs work on a property you own or provides a service related to a property you own.

Here in PA, month to month leases can be terminated by either party with 30 days notice.

We did it for two years before moving into the main house.The best part is you can still do refinances since it is technically owner occupied.

Both parties were right–and wrong–simultaneously, and it required a lot of hand holding and collaboration.

Perhaps the deals didn't profit, but for the most part the parties had good intentions.  

Two years ago I finally made enough cash flow to get cameras on the building, so now I have a lot more confidence and don’t have to reply on third parties to send me pics.

Of course, these lenders have a different risk/reward structure than the owner financing seller who has a “built in” $50k gain.The part I don’t like about doing a wrap is the personal liability the seller maintains for the underlying loan while not having control of the assets securing the loan.  

To save on fees for both parties, we are planning to handle the transaction ourselves.