We know and trust the family and have no concern about getting paid, but we know there are risks and would foreclose if necessary.

Can anyone recommend an easy to use online payment app or method for allowing tenants to pay online and direct to my account?

Furthermore it is not exactly the cash flow method that you are looking for.

I think I'm ready to ask to see a property and put a bid on it, but I'm concerned I may be missing something since the Cash Flow #s seem significantly higher (better) when using the SFH_Rental_Analysis spreadsheet than my own 'back of the envelope' calculations and since there's so much more going on in that spreadsheet than my own I'm not sure what I may be missing.The Facts:I'm looking at a property that the seller is asking about half of what Zillow estimates the property to be worth, and about $10k less than its last sold value. 

So I’d say that your primary concern, financing them is secondary.

My concern is if my buyer backs out of the deal then I need to float the building until I find another buyer.

We're looking for the most simple method possible.

I'm concerned the appraisal wouldn't come in high enough though.The other part of this is if I had a private lender loan me the down payment, can I do that?

My only initial concern is the amount of people coming and going/upsetting neighbors potentially with babies crying.Should I be worried about anything else?

If the lien was stripped it will still show in the land records... a title company would need to review the BK order as concerns the legal affect of the lien (or lack thereof).