After we closed, he sent me a notice and demand for $15k(triple damages) and a threat of a lawsuit.

That's when I learned all the home sellers (corporate by the way) are doubling to tripling the profit of there sale buy offering the financing outside of a bank.

I chose to do it slightly differently to avoid a Heloc or 2nd mortgage encumbrance, so far I've paid zero interest and my numbers are going to be triple what your parents expect to spend.I have a credit forum if you or your parents would like to dig deeper but the basic brush strokes are these.1.

What was a group of row houses now lives a commercial business.Be alerted to these opportunities, if you can control the 3-4  houses next to a corner and the corner building and change the zoning, you'll have a great triple net opportunity.

@Roy Oliphant  I know its totally counter intuitive.. but most of my best deals have been when I insist that sellers retain an attorney to represent them in the transaction.. this on its face at least in our states takes any issue with unconscionable profit off the table. .. and of course a lot of what I do is development land and we can double or triple properties values in as short as 120 to 360 days with an approved plat or knowing where zoning is going to change as was the case in this one were we made a big hit.. and it could go the other way .. recession no one wants to buy dirt and we lose our ***

Judges have been known to give back entire security deposits plus damages which is typically triple the amount of the deposit when the landlord doesn't account for it in a timely fashion - even if they were due the entire amount because of excessive damage.

Im hearing triple net lease option, seller financing, subject to, etc...

Depending on what type of property they are looking at, they may be looking at gross, net, double net, triple net, or absolute triple net leases.Just a few of the differences, but without knowing a little more buyer specifics, its hard to provide more insight.

Make sure to triple check your numbers as it is important for the exit. 

I was convinced that the appraisal was low and wanted to make the deal work without tripling my closing costs, and the seller wouldn't budge (the fourplex address is 4201 Alan Kent Dr., Killeen TX in case interested).