Make sure every dime is deposited into the trust account.Private lending, like syndication investing, doesn’t involve many transactions.

It's just not a subclass I want to be involved in, but perhaps you can make it work for you! 

I think it speaks volumes regarding your care to the situation the heir is involved in.

I just want to be involved and learn more so I could achieve more eventually.

Then involve a GC once you understand the scope of work.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Another one I wish I had taken earlier was to get involved with a boutique or specialized commercial broker. 

Calculating these losses involves documenting the fair market value of the property before and after the disaster, adjusted for any insurance or other reimbursements.

I know what seller financing would involve in regards to me (the buyer) having to pay a interest rate set by the seller and the monthly payments also set by seller.But what are the benefits of seller financing a property?

The requirement to do this generally involves an experienced GC signing on the borrowing entity as a 20+% owner thus making them a signatory on the loan and responsible for the debt which in most cases is not very easy to find.