To get ahead of the new wave is the challenge but as compared to SF should be easier or at least cheaper.

You will be a component in the circle of life facilitating good families getting a head via your seller financing and fixed up decent home.  

Since what you probably want is a ballpark, and I am new enough to note buying to probably not be the buyer of this note, I'll go ahead and throw out a number and my thought process, with the comfort that you can't hold me to it since I'm not a "real" buyer.Because you mention that the payor likely has poor credit, but he does have a year of seasoning, I would want to mitigate this risk appropriately.

Do people normally go ahead and take care of this themselves, or should I pay the extra money to use a licensed electrician, for liability issues?

A lesson I learned from this was not to buy these ahead of time.

Brian,You may pay taxes on the money; however, you're probably still very much ahead.

And the buyer you have... they are aware that you are putting your profit motivation ahead of their interests, right?

I am currently looking into dealing with midsouth and was wondering if you went ahead with your purchase.

My advice - go ahead and dump this thing and take your loss.  

I certainly hope the investors in oil dependent parts of the country have some reserves, because I believe they are in for some tough times ahead.