However, it may not make much difference as you may be reuired to be on title by the virtue of marriage and they may not take a property where only one on title is one the note or deed of trust.

One way is to buy the note and then negotiate a deed in lieu or agreement for reconveyance.

Its cheaper than some car notes!

Note terms are pretty much designed to the deal, usually longer than a year and less than 5 with amortizations as Jon mentioned including principal and interest.

So, back to the point, qualified retirement plan funds are best used in notes/trust deeds as opposed to buy and hold.

For example, on promissory notes, I know what the monthly payments are.

This is useful if you are trying to determine the price you would pay for a note.

:c)Note: I can say that!

You've already found your resource for making sure you have a place to go to run all your questions thru - BP.Another thing you could also do is send out some notes to some of the people in Chicago on here and ask them if you could contact them directly to go through your laundry list of stuff and to maybe help you as you progress in your deal.But think about this.

SO if you have cash in hand, 15 yrs could be the right approach.I am assuming your mortgage note says "no pre payment penalty", you can just call and tell them extra check is towards principal.