After all of this I ended up with 2 OREO  of course by the time I got them they were stripped not wanting to lose my 50k I had invested in each one I then rehabbed them and tried to sell them to owner occ's on terms.. ( common method pre dodd frank for lenders to try to maximize bad assets) do I dumped 25k into each of those homes put the owner occ's in and they made it maybe 6 to 8 months before they failed. 

Scott as I seem to have naturally gravitated towards his style.

Any good methods for pulling out the capital in the property?

Real estate has always been an interest of ours, so this is the natural next step.

I imagine it will be much easier to obtain financing with this method.

You'll way to verify what method of service is required in your county.

Too many heirs to come to a consensus and they all want their money now.The actual methods of seller financing are basically lease to own (where you just have an option to buy, then sublease) and a note and deed of trust (here)/ mortgage.  

Then you would subtract the depreciation expense which will depend on the method you take to depreciate your property...

(Some of you who post here know him well.)On the other hand, I love communities with less than 70% occupancy because I know I will hit a Grand Slam using my marketing and sales methods and my captive finance operation as do some other young lions in our industry that are clients of RCG.

Pennsylvania in particular has some peculiarities regarding state recognition of the non-recognition nature of the 1031 so your cpa will also be a valuable resource of information for you.