After several "Can I buy you a cup of coffee" emails from me, Steve finally responded when I sent him an email that had the subject line: RE: "I'll give you $500 Bucks to let me spend a day with you!"  

There isn't a day that goes by that I don't Thank God for the privilege of being born in the United States of America, and the freedom to be an entrepreneur and serve others through our businesses and our Mission Work.  

Open a joint account with the seller, different bank, you deposit the funds, set up an automatic draft to pay the mortgage, the wire funds are from an account with the seller's name on it, should not be an issue at all. 

The other thing is this will be an out of state purchase.

Hi @Steve McLacken,I have found BP to be an excellent resource with a myriad of information. 

The Northland seems to be an emerging opportunity, but I'm open to any part of the metro.I'd love to meet some people with related interests, and would also appreciate any info on local groups.

You may need to check for asbestos as well -but if those things are in good order age should not be an issue.

And since your strategy is buy & hold, which is my strategy as well, I recommend Brandon Turner's book "Rental Property Investing: How to create wealth and passive income through smart buy & hold real estate investing" and David Schumacher's "Buy and Hold forever".Feel free to reach out anytime and maybe we can grab a cup of coffee and talk more.Happy investing!

Happy to meet for coffee/lunch and .

Plus if this is your first time working a mortgage note, that might be an issue.