The legal details are more or less the same.1st loan secured by either a mortgage or trust deed.Seller financing providing a second loan and secured by the property.I will let the mortgage brokers spell out the financing details (rates and terms).Be very careful with commercial.

You can buy new properties.You and your IRA are two separate legal entities that are forbidden from doing any business with each other.Jon

Is there any legal issues knowing that I can't afford the property without my partners and signing the contract anyway.

Say I purchase house that's for sale- can the next door neighbor file legal action to get back their 4ft by90 strip of property?

There is no legal entity called a land trust.

I would think we are talking about a condo or town home given there is 1 structure legally divided into two.

You will get an education for your money.In the mean time...You have to make sure legally the other person is no longer the tenant.

Kelly,Put in any clause you want that is legal in your state.If the party signing for the legal responsibility is not able to fund the penalty guess who will be next in line?

How can I legally evict her?

Still searching for an answer.It is the same way here in Alabama.GA and AL are mostly Power-of-Sale states.They do not FILE Notices-of-Default.It is done by publication.In my town they put it in the legal section of the regular newspaper.But (Fulton County) Atlanta has a legal publication called the Daily Report you can subscribe to (I am guessing it is because it would be too big for the paper).