Everyone determines their level of acceptable risk and the bidding goes along.

When buying a property using owner financing does there have to be a deed of trust and a promissory note?

Otherwise they might as well just get a new mortgage for their new single level home. 

Just find the one market which provides a team you can trust, and numbers that work.Best of luck!!

That's next level motivation.

But these are few and far between and if you don't know exactly who you are working with and trust them fully, you're the one at risk because it's your money in the pot.So it's not undoable, it's just not typical.

And in general, friends, family, co-workers don't like if one of their peers takes a step above their present status and will try to pull the back down to the same level. 

I could not have accomplished the level of renovation you show for the dollars expended.  

I’m planning on putting my rental properties in a trust and using umbrella coverage for liability protection.

If you do its a local jurisdiction rule and you could check with someone at your county and municipality level for the most accurate answer to that question.