My current lender is willing to lend me, but he has issue with d) above.

Question to Minnesota Investors familiar with Seller financing: I'm looking to work with a couple sellers who own property free and clear and are willing to do selling financing.What type of transaction(s) did you do (CD vs D of T), how was it structured, did you hire an attorney to write or vet your contract and BONUS: are you willing to share the basic contracts/documents (what I'm really in need of).I always thought "contract for deed" was the customary seller-financing structure, but was advised by the BP community that a deed of trust combined with a note is more prudent.

@Manolo D. yes, that is how the bank's contract is, but my contract is clearly NOT cost plus with maximum price guarantee.

I am always overwhelmed at the knowledge that pours out in these threads from generous people with tons of experience.William D and Steve Babiak: Thank you for the link reference to ffiec.gov.

, but very difficult to DIY remote manage.11) Class D pretty much requires an OWNER to be on location and at the property 3-4 times/week.

A safe B/A property would be best for a noobie over a C/D w coc of 10%.  

@Louis Dobrik  There's a lot of information missing from this question, Are you talking about One 300 unit B Class commercial property, or 300 single Class C- or D properties in the Midwest?

RE is always local and I'm sure there are Class C, D areas that can hit this, but not even close in my market. 

@James D Brown,  the locale neighborhood did affect my decision. 

Besides a drug test will show they are clean today but that doesn't mean they'll be clean two weeks from now when they've finally settled into the home and an invite their friends over.I manage 300 rentals and some of them have been D or C class but I don't worry about druggies.