Yes, tax credits can be had federally, at the state and city levels.Homes are usually not a real headache, depends on what and where, but an apt. building or commercial property can really be a pain and costly.

Closely held C-Corps are a pain tax wise, you'll devalue the corp disposing of assets and have the issues Steve spoke of.

Usually they will amortize the loan across 30 years but have a balloon note after 3 or 5 or 7 or whatever you guys want.I currently have a property I'm asking just over 10% down, 6.5% interest, 30 year amortization with a balloon (due) in 5 years.The biggest plus right now for owner financing is that you're usually saving the pain of getting traditional financing if you don't qualify or just trying to keep another loan off the credit report.I would suggest a loan servicing company handles the monthly transactions too so there's a middle man and both sides are taken care of.Allen

If it looks like it could be a pain to maintain (old wiring, needs all the windows replaced, etc), we pass on it.

In 18 years I only had to file unlawful detainer once, but on many occasions I've used legal notices effectively and negotiated move-outs that were less painful for all parties involved.

Here is a property that I found as an example http://www.zillow.com/homes/for_sale/Paine-Field.dash.Lake-Stickney-WA/pmf,pf_pt/condo,townhouse_type/38596969_zpid/396858_rid/2-_beds/1000-100000_price/3-391_mp/days_sort/48.57479,-121.416779,47.185979,-123.059235_rect/8_zm/This is 2/1 a condo in Everett with HOA fees of under $200 per month.

I think two of the first things you should do are #1 understand the financial metrics involved in evaluating a real estate deal, #2 based on your investment strategy and pain tolerance, determine what part of town you want as your primary and secondary focus.

For example, when retaining all or part of a deposit, a landlord has to sign a statement that specifically says, "under the pains and penalties of perjury."

I just want to make sure that i provide every protection I can for the family even if it is a pain.

This can be a pain but can lead to very good deals.