Seller financing and buying homes subject to existing mortgages can get you in for smaller down payments.

I am already familiar with the rules, regulations etc.

As people avail themselves of this on a wider basis as a way to try and avoid government regulation, we can expect both state and federal governments to react by doing what they need to to regulate them as credit transactions.

Seller, buyer, agents, and closing agent will all have to sign an arms length affidavit stating no such arrangements exist.

Then you need to know the finance side, finance regulations, collection laws, insurance assignments and under what circumstances you may keep loss proceeds, need to know notices required and foreclosure procedures.

The most likely scenario here is that he bought it subject to an existing large first Deed of Trust, or some other lien, that he expects will eventually foreclose on the property.

So far all my properties have been financed and I never realized so many other option existed, although they seem a bit scary to me.I think my biggest concern, and I have seen its a common one, is whether or not to form a LLC. and other asset protection.

I'd say the terms of your existing loan are pretty good already, I don't see a reasonable person addressing such a matter, especially at your LTV which you didn't mention, but generally, SF is not at 70/75% LTV, just guessing you got a good deal.Sub-2?

Gas inserts typically cost between $500-$2500 and installation into an existing masonry fireplace ranges between $500 and $1500.

Imagine Europe as an example, they don't even have access to any public records, nor does a 1031 exchange exist as we know it.