I have done seller-financed notes before but this is the first time I actually own the house.  

I actually had a client approach me to handle his listing and guests, for a fee.

Even though they are renovated, they have to be pretty old in Richardson, maybe 70s vintage, so I would want to know who rehabbed them and what did they actually do....like new electrical and plumbing...any foundation work?

I think I may be able to actually from the numbers I am seeing right now

Its 2 acre piece in rectangle shape.

Hey Aaron - sounds like the sellers (likely due to age and lack of familiarity with owner financing) are probably not going to bend on the financing piece of this.

Someone will lend at a 33% LTV.All of this said, it sounds like the Trustee would actually like to say invested somehow.Option 2, put the house in a trust or LLC and let the rent be divided amongst the grandchildren:-All grandchildren remain owners of the property and the monthly income of $1,500(minus expenses) is split amongst the 6 grandchildren.I will warn that option 2 is more likely to result in long-term drama and likely some anamosity among the family members. 

If you do not have a lot of personal assets and have a homestead exemption on your primary residence - most find there is not much left for someone to actually take.

Here you were eager to comment negatively on something you apparently don't know anything about but completely uninterested in actually learning about it.

Thomasville beds, Ethan Allen pieces, etc etc.New mattresses, watch for deals on Zinus 12" mattresses.