Maybe I'm misunderstanding the situation, but I don't see how selling on seller financing for say $100K then immediately selling to a note buyer at $100K is advantageous.

At a minimum - the "new tenants" should sign a lease with you explaining everything (the new relationship) so there is no "misunderstanding".

Please do not misunderstand what I am trying to say, knowledge is powerful but only when you combine it with action.

Zach Quick Sorry for the misunderstanding. 3 times and 150-180k of capitol tied up to do it.

I was misunderstanding what it was referring to.

What other expenses are there outside of:Gas/WaterElectricTaxesTrashInsuranceHe had those listed so I may be misunderstanding you?

It's a common misunderstanding.  

Jon H,We might of had a misunderstanding.

I may just be misunderstanding your answer though.In the case of Subject to contracts where you plan to keep the underlying mortgage in place, the amount still owed should be the "loan balance" listed on their statement, no the payoff amount.

Don't hide the fact that you're looking to pay a very low price for their property (this is one of the first things I tell people on every phone call).I don't want any misunderstandings, ever.