Make sure your property meets FHA miminum standards for safety, soundness, and security. 2.

That being said, I have not lived your life so maybe the security you get from being debt free is worth the opportunity costs.

Land lords lein means you can go in and confiscate certain property to secure until they pay the rent.

It's a note secured by the lease.At $600 monthly and 24 months that's a 18.157% interest note.Be sure to charge fair market rents so you are realistic about the returns: If you didn't live there and fair market rent is $1,000 and you charge $600 for 2 years you're essentially giving him something like 78% interest.

I would write Hard Money with a 7 day commitment, if that is what you intend to use (and your HML can commit that fast, mine can).However, you can also use Hard Money and NOT have a financing contingency if you are that confident (you will lose your deposit if you don't get a commitment).I've never had an issue securing a deal with a contingent HML with a quick commitment.

Look up the recording in Book 833 and get the legal description of the secured property from that you can get an address through the Assessors office.Or, you could call the Trustee and ask.You might be able to do a name search for the owner as well and gey the address.The filing will show the initial lender as the note could have been sold.

You also run the risk of violating securities rules.

If you are buying a free and clear property, and she is carrying the financing, you would execute a note, secured by a deed of trust, which would be recorded.

I have heard things similar to what Jim said -- a friend will call and request the "new subscriber" package even though he is existing and they usually give it to him.As for the DVD question, you used to be able to buy Tivo boxes to use as a DVR -- I think there was a service fee associated with it though -- though I heard there was a "lifetime" fee you could pay if you wanted (instead of the monthly fee).

If they start talking about needing to develop a "relationship" with you, make sure all your funds are secure and you have a button closing the pocket your wallet is in.