Hi EveryoneI was curious about what are the normal terms of a seller financed deal?

So, if it is a cash transaction closing within 2 weeks a rush is required, so the seller would be stuck footing the $1800 bill. 

Practice of law rules for Tax Courts are different than normal practice of law rules.

I've enjoyed reading other investor's deal diaries, so I thought I'd document our progress on this house, and would love to get advice from more seasoned investors along the way.Here are the details:Location: Munroe Falls, Oh (suburb of Akron); nice neighborhood with mix of owner occupants and renters (I'm guessing it would be considered a B-class neighborhood)Type: 1500 square foot single family home, 4 bed/2 bath, 2 car detached garagePurchase Price: $77k; seller paying $1.5k closing costsARV: $140k, after approx. $25k in repairs.

The 1200 foot crawlspace is approximately 80% covered in mold growth.  

I've only been in business about 9 months so far, and have only been able to leave my normal job, working in sales at a lumber yard, within the last 3 months.

The "owner" said she had done a loan modification which she did not make any payments for so I'm wondering if she didn't give up the "normal/public trustee process" approach in exchange for the loan mod.

He also charged for inheriting two current leases from the previous owner, but at a lower fee.From what I understand, this is normal. 

I'm normally not a big reader, but I've gotten hooked on these real estate books.

If the percent they will lens is greater than the purchase price then you normally can.