As for where to go next, you could either require that he puts 5k in escrow somewhere, so he's not as motivated to just run, or just find homes for other investors if you don't feel comfortable with it.

Danny,You should have sent the seller something in writing explains everything like how much you were going to give the seller upfront on carrying the note and let the seller know you will go through escrow so that the seller will feel comfortable dealing with you.Joe Gore

I have a met with sellers and am comfortable working with people, how ever, I am having difficulty understanding how to structure a deal with little to no equity...Any advice is much appretiated!

So, we are planning on buying enough homes that when they are paid off the rental income - expenses will allow us to live comfortably.

I didn't use his program but it was definitely the inspiration I needed to become comfortable with creative financing.

Currently, buy and hold investing is really all that I feel comfortable stepping into, and I just don't fell comfortable doing so in my area.

If you are not comfortable that they are, run!

But this also gives you the ability to ask yourself, Am I comfortable with returns on the low side of that range if expenses are higher, or rents a bit lower, than I thought originally?

To give an example, many pickups with full-sized cargo beds will qualify (although some "extended cab" pickups may have beds that are too small to qualify).Vehicles that can seat nine-plus passengers behind the driver's seat (i.e.: Hotel / Airport shuttle vans, etc.).Vehicles with: (1) a fully-enclosed driver's compartment / cargo area, (2) no seating at all behind the driver's seat, and (3) no body section protruding more than 30 inches ahead of the leading edge of the windshield.

I'm very comfortable with it since he will be completely "by the book."