Both the owner and I are unfamiliar with the process of being involved with an owner financed deal - it is our first time not dealing with a bank or mortgage broker.A couple initial questions for the BP community:1)  Best suited to get a real estate attorney or a closing company to handle the deal?  

The book style maps are much easier to handle when you are in your car.

Im trying to learn as much about all the various aspects of investment, as we live in a one size does not fit all world now, adaptability and creativity are key to me, in understanding what are the best ways to handle a real estate investment opportunity.Im here to learn and network with other investors so I can take advantage of the wealth of knowledge and turn it into a sustainable business. 

The son informed me, that after his mother passing, he was given her share of the property and been given the wonderful task of being the Executor of her estate to handle her affairs.  

You need to make sure there's enough spread to handle any hiccups, but otherwise you will be fine.  

Today, I received a call from an agent down in Denver, actually who has been calling me a couple times (just because I haven't had my cell on me), who asked me about where I was in my RE-investing journey. While I tol...

Then about 2 years later they started getting behind on our mortgage, then we found out they were behind in the first mortgage as well...long story short, we had to foreclose on the note we held and pay the first to keep them from foreclosing a senior lien first...the day of the sale at auction, we were served with a notice that they had filed for bankruptcy, which stayed the sale and the auction was voided.After getting an education in foreclosure, I now had to learn about bankruptcy.Since we were now living in another state, we had an attorney handling it all - I was never comfortable leaving things to other people, especially when we had a lot to lose.

I knew if I could handle that, i could handle most rehabs.  

Even after moving out the cash flow should be positive enough from both units so that you can afford to handle all the long term maintenance and tax increases and still make a profit.Betting on appreciation is risky as far as I am concerned.  

-How do you handle a tenant who is NOT making repairs that their are supposed to make under the agreement?