Purchase price: $88,000 Cash invested: $25,000 Sale price: $179,900 I got this deal from an agent who was initially going to list it publicly but thought of me first.

If the extent of your real estate business is renting out your basement than no, a Wyoming trust is not necessary (in fact, a Wyoming trust is not necessary for 99.9% of real estate owners)....you were contacted by a fear mongering sales person, not someone I would consider to be offering credible services. 

Purchase price: $130,000 Cash invested: $9,000 Sale price: $185,000 I did not have the knowledge then to keep the property and pull money out to complete renovations to another property we purchased a year after this one that required a complete overhaul.

Those figures will vary from lender to lender, but that's around where most legit lenders are. 

You could whole sale these deals or you could broker them if you have a broker license.

I use professionals when I need to.I've had only two Due on Sale called in over 30 years.

For seller financing deals, I show sellers the interest earned over the life of the loan and total proceeds from the sale. 

"The man who represents himself has a fool for a client" was said about attorneys, but it could be said about a new investor representing himself in a sales transaction.

Don't start throwing ideas at them like seller financing or numbers etc until you have an idea of if they actually intend to sell and what their needs are around the sale.

Purchase price: $655,000 Cash invested: $40,000 Sale price: $770,000 Purchase and hold.