I'm on a short break from school, so I'm trying to get in as much time as I can on getting this in motion.

You can get a standard MN contract for deed free online along with lots of other real estate documents at the link below from the department of commerce:http://mn.gov/commerce-stat/pdfs/uniform-conveyanc...My opinion is you should probably spend a few hundred dollars and consult a real estate attorney depending what you are trying to do... 

I am the one making the plan and setting it in motion.

This is a 2 year plan and not one hundred percent set in motion yet.Thanks for any feedback!!!

In a partnership there is always thoughts that someone is not doing their fair share.......they get messy.This is a great business, it has lots of moving parts that you need to be aware of them.Lots thrills and negative aspects (bad tenants, bad loans, expensive lawyers, unreasonable housing inspectors, rent court, housing court, unproductive real estate agents, IRS, recording keeping.....etc.)And those THRILLS........ the elation and joy of sitting at the settlement table and watching, almost in slow motion, as the title officer slides your assignment check across the table, you slowly and with high anticipation turn it over and read your name and the dollar amount.

There are tactics to convince the lender to sell the note, legal aspects and you may need an attorney.Selling notes is governed by the Uniform Commercial Code, SEC requirements can kick in when buying bulk loans, perfecting your security interest is under the UCC and state laws.As mentioned, I've not seen any prohibition of accepting a DIL in any note, if there were, it would be more as a disclosure saying the lender will not consider the option, it has no legal effect, it's up to the holder of the note to accept the property as full payment.Not asked, but important, the borrower needs to make a formal request offering a deed in lieu of payment.

Up to now, HUD has encouraged PHAs to adjust the raw FMR amounts to be more specific and encourage low income recipients to mix into the area more uniformly.

By century’s end, that number will increase to $19 billion, with a one in 100 chance of a $26 billion risk, concluded researchers"[The question being, how quickly will the wealthy respond to this and will that response be uniform, i.e. all at once]"By 2100, Southern Californians will suffer temperatures exceeding 95 degrees Fahrenheit for more than 200 days of the year, researchers found.

And I usually presume (far from uniform) that the SFR neighborhoods (all things being equal) are better.  

More women perhaps.You may also want to install motion detector lighting and security cameras around the exterior.