But in my opinion, a business partnership is ultimately much more fruitful.

There is a low possibility that a lot of property owners decided they wanted out and the increase in 2012/2013 triggered them to sell while they could.

If you're going to keep the FHA financing for 15-30 years, then you won't be able to change the title to an LLC without potentially triggering the due on sale clause.

If you have a personal mortgage on the property, your mortgage company will not agree for you to deed the property into a business entity and would trigger the due-on-sale clause on the mortgage.

You would have to own a business, like, a sole proprietor, a partnership or a LLC or another type of business

The two things that have kept me from pulling the trigger is possible rent deflation after the constrution workers leave and liquidity, multifamily in Prineville seems to sit on the market for a while. 

If you have done this before (sold on land contract, then refinanced at a bank) then you are co-borrowing with the buyers, creating a partnership.

I want to pull the trigger on a property within the next 5 months but I still have yet to determine the most ideal location.

You're likely talking about a sub2, "taking over" which has risk to him if you don't pay, and risk to both if the due on sale clause is triggered.

I've put 30 of these partnerships together.