Hi Doug - one main reason we are using a LLC is to protect our rental from being unprotected assets in the event of a personal legal claim.

I was also hoping to avoid any personal liability in the event the deal goes wrong.  

Someone else can be shown as an owner of record and that person can have other agreements to convey that interest upon certain events or upon demand.

http://www.meetup.com/SnoCo-Connected-Real-Estate-Investors/events/138912582/

I've went to some networking events in search of building some relationships with people who are doing deals in my local area.

It's probably a long one, but I doubt it covers the event of the Republican ploy of the past shut down.You may be able to cancel the agreement as with anyone.

Great conversation and great feedback from Will (Will great finally meeting you at the I survived event a few weeks ago BTW)I am not by any means a seller finance expert, so just want to put that out there :-) Like Will mentions there are many other benefits to seller finance than just price so it is important to be able to help him understand those benefits for the deal to make sense.Having that been said for us personally the way we operate is we only bring up seller financing as an alternative if we can't meet on price and they want more than what we are willing to pay.

We are lucky to have many good events around here so you should get out to some.

Another issue is that these old time contracts use a quit claim deed in the event of default which is held in escrow, it's worthless as it is seen as circumventing foreclosure laws.

@Brett Russell came as far away as Chelsea Michigan which is about an hour West of where we held the event.