Stat. 720.385) So if the junior lien holders were properly served, their interest should be extinguished. 

What I'm looking for is a partner/mentor, maybe another wholesaler like me, and even an investor who's looking to purchase properties in the area.

If they start asking for money for more mentoring and training to the tune of $5000-$25,000 or more, run.

If you’re new to flipping, aligning with a mentor and real estate professional ie (Realtor/Mortgage Broker) who has experience with flips can provide extra insights, helping you mitigate risks.

Despite blowing through all performance projections it was just an endless stream of ridiculous requests for reports and information (beyond what was agreed to in the operating agreement) only to satisfy a junior analyst that probably hadn't stepped foot on a property in his very young life.  

If anyone is open to mentoring or partnering on deals, I’m definitely up for it!

FYI, after I was turned down by a local sub to mentor to be my coach, I dusted off and have been studying Carleton Sheets, No Money Down real estate program, that a family member gave me over a decade ago.

I’m a new investor working with a mentor and have started looking in the Indianapolis area for out-of-state deals.

RE Mentor - David Lindahl out of Boston.

The second lien also means you’re in a junior position if the buyer defaults, so you’ll want to be aware of that risk too.Overall, owner financing can be a win-win, but it’s important to have everything structured properly to protect your interests.Cheers,William