We would put some money in the deal wrapping over the top of our private investors in order to control the deal and if anything defaulted we could foreclose from 2nd position and protect our underlying investors at the same time. 

If you delead, and maintain the standard, you will be in the clear.Here's the law (emphasis added by me):460.100: Duty of Owner(s) of Residential Premises (B) Whenever any residential premises containing dangerous levels of lead in paint, plaster or other accessible structural material undergoes a change of ownership and as a result a child younger than six years old will become or will continue to be a resident therein, the new owner shall have 90 days after becoming the owner to obtain a Letter of Full Compliance or a Letter of Interim Control, except that if a child younger than six years old who is lead poisoned resides therein, the owner shall not be eligible for interim control, unless the Director grants a waiver pursuant to 105 CMR 460.100(A)(3).

Then I used a company to create a Checkbook Control IRA LLC which allows me to pay the contractors directly instead of using the IRA custodian to cut checks.

NJ has its own set of major issues, for example tenant for life, 5 year COs, some cities have rent control....

We also have no land transfer tax, or rent control, which is a big advantage in multifamily (5+ units), as you can improve the property, raise rents to market value with only 3 months notice, and suddenly the building is worth exponentially more.

Hey @Megan Deppe, I have a Samsung Smarthings hub controlling Z-Wave thermostat (Emerson Sensi) and a Schlage Smart Connect lock.

A trust offers more in terms of control or specific wishes for the next generation but isn’t always necessary.

I wanted to pursue the seller financing that way I can take control of the title and make payments, and if I needed to sell, or refinance I have that option.

One major draw bck to look out for is the HOA associated with it, as well as special assessments that you have no control over that can kill your cash flow. 

I'm thinking since she's read SFL, she's already sold on taking control of her finances, and maybe Brandon's book is next?