A lease can simply do an eviction, the easiest way, but the option can cause a problem.Boy, I was going to knock it off for the night, but saw your reply and had hopes that Steve, (maybe Rob K. since he thought Steve's comment was outstanding) had a reply.

It can't be both.Most seller financed deals are i/o because most sellers don't know what "bank rounding" is, how to track principal reduction if someone pays extra, etc etc.If you just run a generic Excel spreadsheet that tracks any mortgage you have outstanding, you will see your numbers and the lender's numbers not line up.

Here is their sample report: http://www.housecanary.com/assets/images/HouseCanary-Value_Report-SAMPLE.pdfWhat I like:- Attractive and easy to understand reports- Market analysis is richer and more comprehensive than I have seen with any other tool or even been able to create in Excel myself- 10 free reports is pretty damn generous, $5 for each report wouldn't be bad at all if I was seriously considering the property for purchase- The "Nearby Properties" section of the report shows me how the sqft and lot size compare to others in the area, this is great so I know if my house is huge or tiny compared to average.  

They will probably charge a minimum fee and will usually have an additional fee schedule based on the amount of time the money is outstanding. 

Tim,What an outstanding analogy. 8)

And and now, there just aren't any good fish on the market.Your proposed solution then is, "Give me the damn paddle, I'll do it myself".Now read that paragraph again, but instead of fisherman, change it to "wholesaler". and change the word fish with "deals".Do you see my point?

The buyer offered ~$7k below the outstanding loan balance.

Be damn careful about taking BP advice, when it comes to issues with tenants.

They will not give me outstanding loan balance or when the loan matures.

Doing anything 20,30+ years, ya better be damn good at it.