She's 78 years old though, which is very concerning. 

I find that the cash flow would make this worth it but I'm concerned about how easily it would be to liquidate the property if needed.

If you want to stand out as an agent there is one thing you can doANSWER YOUR PHONEother than that most sellers aren't concerned with your marketing plan unless it is a very unique and/ or expensive property.

@Matthew Michels In order to find motivated sellers, you'll have to try out a few different methods to see what works.

Robert, if you're concerned with the interest rate I would say your credit score is the 1st place to start.

The IRS doesn't seem to care which method you choose but it must be reasonable and consistent. 

trust deeds non judicial. so like in GA and MS  which is trust deed country or in GA its called a Deed to secure debt..it can be quit fast 90 to 120 days from filing the NOD .. in mortgage states and particularly NE states the process can take some time but usually at least one year.. to from what i have heard in NY it can take 3 to 5.. borrowers and lenders can also stall things out a bit using different methods.

If you find something that concerns you have then have ample time to investigate and get it resolved. 

That, coupled with cash flow concerns you expressed tells me you should be going for a higher number.

I am concerned about the contractor part of the team and would love any referrals.