Owner finance (similar to contract for deed if that is legal in your state) is a good way to get out of your situation, with the possibility of making some money on the deal.Ask for at least 10% down and figure out what interest rate you would like to charge (depends upon their credit, I suggest nothing less than 8% even with impeccable credit.)You can use a mortgage loan calculator online to get the amortization table, and there are companies out there that will 3rd party service the loan and report to the credit bureaus for you.I suggest finding a real estate attorney in your area that has done these to structure it correctly for you.

@Karen Margrave Actually a federal appeals court in California ruled that taking pictures of people through their windows is legal as long as your not standing on their property.

It allows water to stand there, but doesn't collect any solids.

I still have a BOA mortgage w/ 21 more years on it (technically, but I know I'm ahead on that) that I plan on keeping and paying down as quickly as I can afford.My friends have almost no money to put down and I'm planning financing them.I have a lawyer who I've used twice in the past for traditional purchases (one bank financed, one cash) and she assures me this is not a difficult thing.My friends have agreed to my asking price and my terms of the loan.We are getting a small premium on the sales price of the home and are loaning them the $110,000 at 6% over 30 years.We still owe about $75,000 of the original $91,500 BOA mortgage which is at 5.875%.I talked to my Allstate agent and she said we'd have to switch from homeowners to a Landlord policy.First question, does this sound like a fair deal for both parties?

How much because I stand a chance to lose my deposit unless I bring in a transactional funding lender to fund A/B

I have heard that the success rate is extremely low for any industry where someone is paying a third party for training on starting a new career or investment.

Ben LeybovichMala S. this way dealing with investor as 3rd party also illegal?

Do not attempt to obtain financing from a third party or the seller.Your offer takes into consideration the amount of the taxes owed, any repairs and upgrades, all the other costs necessary, then rent/sell the profit and get a good return on your investment.

Colorado case law says that options "compel" the owner to perform without choice in the matter, thereby giving/transferring a controlling interest to another party.

Kenneth Goldman Welcome to the crazy fun online party that is Bigger Pockets.