This is their area of expertise.According to their website Bond for Deed (aka Land Contracts/Contract for Deed), is a really good tool for doing creative deals.There are also provisions for several of your listed issues:-Finding the seller when you want to buy for cash and get on title-Seller going bankrupt-Seller Dying without a will-Nothing on Heirs contesting will...On their website it says:Power of Attorney: Our contract includes a powerof attorney empowering Escrow Services, Inc. to transfer ownership of the property to the Purchaser upon full payment or refinancing.Bankruptcy: In the event the Seller files abankruptcy action, the Purchaser is protected by the Bankruptcy Code.Death: The death of a Seller or Buyer does notaffect the validity of a Bond for Deed.

Ricky is just trying to get started and I want to encourage and empower him.

Pros-  Nothing comes to mind (you ARE managing the property FOR the owners right ;) ) Being the Property Manager often empowers you with good cop powers of mediation when problems arise.  

Too many regulations that empower the leeches). 

The podcasts have already been an empowering resource and I'm sure connecting with the community will fuel that even more. 

Their purpose is to provide access to land and housing to people who are otherwise denied access; to increase long-term community control of neighborhood resources; to empower residents through involvement and participation in the organization; and to preserve the affordability of housing permanently."

I didn't feel pumped up after reading Scot's post but I did feel more empowered.

Unfortunately, this will have to be disclosed to future tenants and upon that the tenants will feel empowered to negotiate for lower rent.

I would challenge you to reframe that statement in a way that empowers you rather than limits you.

@Shiloh LundahlI get what the OP is trying to get at -- parents are becoming more empowered in their choices but at the root of those choices is finding the best schools for their kids and the family, what works the best and what schools are most aligned with their family's values.