Fee $9Processing Fee: $420Settlement Agents Fee $200Lenders Title Insurance Premium and Endosements $250Recording Charges: $60Discount from work: $500Net closing costs $1076Option B3.6 rate, but with 1.25% in pointsOrigination fee                  $475.00Appraisal                             $450.00 or 600 depending on the property.  450 if normal built house inland or 600 if unusual property or on the waterCredit Rpt                            $21.00Tax Service Fee                 $56.00Flood Determination      $10.50Est.

There's nothing unusual of taking the 1st month.  

Yesterday I got a call from a tenant telling me that his furnace would make an unusual noise when he turned on the AC the first time (yes, end of June - that's one of the perks of living in Wisconsin).

I've come across the same resistance from agents who want me to use their own private financing connections and I get the idea most agents aren't qualified to write such a contract especially if there are any unusual considerations.My question to you is- Do you feel it is a good idea for both parties to use the same lawyer to write the contract and follow the deal through?

It's not an unusual arrangement; I sold my last house to a buyer with a sale contingency

. :) LOL - yes, I realize that my interest may be a tad unusual - which is why I didn't post this on, say, the Atlanta Falcons messageboard.

But I'm trying to see how this will work without someone physically verifying that:There is actually a house at the site and not a burned out hullRepairs are not unusually high.I can see the algorithm gurus in silicon valley being pretty good with standard homes but it's the outliers that could kill them. 

Realistically though, it sounds like you’re not doing anything unusual or creative here; just standard owner financing probably done hundreds or thousands or times each day using boilerplate forms easily provided by a title company.

And these days you need income to cover the loan without considering the rental income.It would be highly unusual for a SFR rental to provide the types of returns angel or VC investors are looking for.

Your experience is not unusual, though extremely frustrating.