I want to move forward with setting up a seller financed deal, but am unsure on how to approach and how to structure the deal.

I'm not really sure how to approach such a setup, though.I previous looked at going the LLC route on the 2nd property that I bought with a partner, but it was more trouble than it was worth.

Essential I have 1 rental that brought in $8750But between all my expenses I am seeing a total loss of approx. $17,000 between flights, office supplies, ect. 

I have thought of several approaches, and am wondering what others think and, of course, whether I have missed something and any of these approaches are specifically disallowed under Massachusetts law.1.

I found this one really good article on sub-dividing, and then using Oakland's mini-lot development guidelines as an approach to this: http://www.jgutierrezlaw.com/uploads/Subdivisions....Is there anyone around that has subdivided their own property in Oakland?

If you look at the big things that could break in the next 5 years that wouldn't be due to natural causes like hail, you might want $10-$15k in an account to start out with that is available IN CASE something goes wrong before you have brought in a decent amount in monthly cashflow to build up a reserve account. 

My wife and I are regrettably taking a DIY approach to taxes this year (probably the last year we'll do this!) 

My friends recommended I reach out through forums as an additional resource, and Google brought me here.  

The turnkey approach of integrated services and convenience certainly has some merit to it (if you find a good provider).

So, we certainly feel comfortable w/this approach w/safe leverage > 1.3 DSCR - Debt Service Coverage Ratio; 1.0 is B/E; 1.2 is min for bank loan; higher the better). .