Seller financing is SO broad that it can consist of many different options, terms, etc... that a typical lender wouldn't consider and can usually end up being really beneficial to a buyer. 

So with that our #1 remedy action has been to present tenant with a cash-4-keys option with the "information" (NOT threat) that "if" we can not reach a mutual agreement in cash-4-keys the landlord will be left with no other option than exercising last remaining remedy of civil suite for owed monies, legal costs and damages from breach of contract, receive and file judgement, and then all the following from that such as: judgement affect on credit report, wage garnishment, inability to receive loans or other housing due to impacts of judgement on record. 

Finally if this is your first place you are looking at even if you get hard money the terms may not be beneficial to the deal. 

Christopher Russell, Even if you create a property management company you will be running into some issues where you pay yourself you will cause it to be subject to Social Security and Medicare.If you have another corporation that handles property management it may be beneficial provided you can deduct the expenses incurred by your rental activity (meaning they are not passive losses).

A partner is sort of "in on it" and an investor is brought in after "it" is something.Three people come together and decide to mutually join to form a non-existing company.

We call this "aligning our mutual interests".

It might even work out to be mutually beneficial, where you can work together in the future.

I came into a little bit of money at the end of last year (roughly 1.2 million) and I do not want to invest into any more mutual funds or stocks...

Paste this into a Google search and read the first couple of threads:site:www.biggerpockets.com delayed financing ruleYou can keep it in your names with adequate liability insurance protection ($2mm+ umbrella), deed it to your LLC after the fact (very common), or deed to a land trust with your LLC having a beneficial interest (less common and more expensive, but better Due-on-Sale protection reputedly, as transferring to a land trust is not considered a "sale", and the granting of a beneficial interest to the LLC is not a public disclosure).

Same as if you used your IRA to buy mutual funds, and the stock market tanks ...Unless you have done some activity in it that would have fallen into UBIT or UDFI or something like that.