I think this is a good way for me to dip my toe into investing and managing a property.Any ideas or things I should think about while putting this together.

Graphics is kind of a hobby for me, so I tend to put a little more time into these types of things than I probably should.

Other programs that are county or state or church run are usually much easier to work with, I wouldn't be afraid to work with her, just understand where, from whom you would expect payment. weigh that information and choose.Your reply could be as simple as I don't participate in that program to accept that form of payment.

You used to have to get a contract change form to the asset manager along with proof of funds but in the last couple of years the have not been requiring that.

And that's a good enough start for me!

You're actually look at a seller financed "wrap mtg", which is a form of sub2, with the seller carrying the balance.  

After being an active real estate broker for about a year I decided sales were not entirely for me and am going back to the property management community.  

It has worked for me thus far, and even though there is good debt (like my student loan that is always paid on time) I have always had the theory "if you have to borrow to get it, you don't need it."

I think I am starting to figure this out due to all the great help here on BP and some great books on SDIRAs too, but just want to make sure as we are some serious talks with a motivated seller about our next purchases.I understand the concept that when I use leverage in the form of a non-recourse loan in a SDIRA that their will be tax due on the percent of profits that are *related to that financing*.

Form some type of corporation or an LLC that will protect you personally about deft problems or other business mistakes.