I like the seller finance deals, just check with your lawyer on all the Dodd Frank regs and you'll be fine !

My biggest concern, owning 50% of the property could mean owning 50% of the mortgage as well, and if your partner screw up it might get to you, but you will need to provide more details to your lawyer.

They were advised to get a lawyer to get the deed in the brothers name in order to sell it, since it is still in the deceased parents name.

Seeing a lawyer definitely sounds like great advice. 

We have no idea how much truth there is to his story, the landlord had also told us that he was going to get a lawyer and try and save the house, although I am fairly sure that never happened.

Some states will "make them pay" for being a month behind and not evict until after multiply months of being behind.I'm not a lawyer, just something I have gone through.

The people that benefit from most  from an LLC's  is the Lawyers that can charge you to set one up.Very few should ever consider one. 

I'm going to contact a lawyer for info but THOUGHTS on the situation?

However, the Lawyers seem to agree that this would void the mortgage because of the "Due on Sale" clause in mortgage loans.  

I was going to do a land contract with sellers but their lawyer advised them against it since they have mortgages snd they csme back with lease to own.There are 7 properties and when they all are rented, it is very profitable.