Does it include taxes and insurance, yard maintenance, pest control, HOA dues (if applicable), utilities you have to pay, property management, and trash pick up? 

If he has the money I would take it and give him an application to complete so you can screen him. 

Does Mom own a house or you already showed on the application she lives elsewhere?

Because NON-QM loans don’t have such requirements, they are ideal for foreign nationals who are in the States on a visa and are looking to invest.

I've started paying more attention to applicant's charges/issues, rather than the level of the crime (misdemeanors/felonies).A recent applicant was upfront and admitted to some past issues in his background that were "nothing serious." 

Run an application on him (similar to what you would with a tenant).With 20% down, he should be able to get conventional financing on a primary home so why does he want the owner financing?

.📄 HELOC applications can be open for a good amount of time!

Build a strong criteria and screen every applicant.

See instructions to Part IV of Form 3520 for more information.Reporting RequirementsYou are required to report the receipt of foreign gifts or bequests only if the applicable threshold is exceeded.

They have been receiving applications but of those, he only approved 2 applications.