That being said, I have not lived your life so maybe the security you get from being debt free is worth the opportunity costs.

Land lords lein means you can go in and confiscate certain property to secure until they pay the rent.

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being the real estate software industry , I wonder about what the right strategy is when it comes to mobile only apps, or web only apps, or company's that web and mobile integrated together.It seems to me with the domain of the homeowner, or home investor, a combination of mobile and web apps are appropriate.

You could also use spreadsheet software.

It's a note secured by the lease.At $600 monthly and 24 months that's a 18.157% interest note.Be sure to charge fair market rents so you are realistic about the returns: If you didn't live there and fair market rent is $1,000 and you charge $600 for 2 years you're essentially giving him something like 78% interest.

I would write Hard Money with a 7 day commitment, if that is what you intend to use (and your HML can commit that fast, mine can).However, you can also use Hard Money and NOT have a financing contingency if you are that confident (you will lose your deposit if you don't get a commitment).I've never had an issue securing a deal with a contingent HML with a quick commitment.

Look up the recording in Book 833 and get the legal description of the secured property from that you can get an address through the Assessors office.Or, you could call the Trustee and ask.You might be able to do a name search for the owner as well and gey the address.The filing will show the initial lender as the note could have been sold.

You also run the risk of violating securities rules.

If you are buying a free and clear property, and she is carrying the financing, you would execute a note, secured by a deed of trust, which would be recorded.