Both parties are running the risk of losing the property or being forced to pay the loan off in full if and when the bank enforces the due on sale clause which is present in almost every security instrument I have seen.

Musty, spider webs, a couple of dead roaches, and a moldy finished basement with damp carpet.

This will give them the security of knowing it is sold and the opportunity to make more money on the sale of it then just selling it to an investor.

The legal details are more or less the same.1st loan secured by either a mortgage or trust deed.Seller financing providing a second loan and secured by the property.I will let the mortgage brokers spell out the financing details (rates and terms).Be very careful with commercial.

Ray,Check for SDIRA on the web.

In the case of Net Bank part of the problem was the bad loans secured against real estate.

I allowed a family to move in without a security deposit but they put in a fence in lieu of.

Extending Jeff's points a bit.If you pool money with 1 person you can still be in violation of the security laws.

We even offered to put down a pet security deposit and even use a product called SoftPaws (a high density rubber cap that is applied to cats nails to prevent them from scratching things, perfectly safe and harmless, plus, its better than declawing!)

They also have a nice free little property management tool attached to it that allows you to create web ads and a nice little button to post the ad to craigslist.