These have many problems and usually don't end well.A land contract or contract for deed is an installment purchase that has accepted teeth for a buyer conveying more of the bundle of rights of an owner,including the right to sell.Seller financing usually means a note and deed of trust where title is conveyed to the buyer, the seller simply acts as the bank and finances amounts of equity.A sub-2 and Wrap are seller financed transactions where the seller finances equity but the buyer also assumes the payments of an existing mortgage as well.

Besides telling them the truth separates me from all the other slime balls that lie through their teeth to get the property under contract (not saying thats you of course).

I had a house that someone used an enamel type paint on the hardwood floors so I rented a sander to get it off.

Until then, I need to cut my teeth on some leads.

I cut my teeth on that one.Anyway, jump in the forums and ask whatever you like.

The risks of getting caught have gone way up in my opinion and now there are teeth in laws to apply to those who fail to act prudently.

Regulators need a consistent basis to apply oversight, not wishy-washy or no enforcement and then a crack down.Leave it to politicians to screw things up.The other point of this is to take the teeth out of the regulators, while your initial gut reaction is yahoo, not so fast, most of the subject Acts open financing back up to common sense type lending, increasing qualifying ratios, which means after all the whiners are done crying about compliance means a greater availability to loans, not the contrary as claimed.

Single family homes are a great place to start and 'cut your teeth'.

Most tax pros have cut their teeth solely on rear facing compliance that takes what you did last year and put it on paper to report to the government vs working with you during the year to have a plan that minimizes taxes in the short term AND near term.   

You “cut your teeth” on your own property.Build your team first, I agree about having discipline, but find a Realtor, a money person, Contractors (electric, plumbers, HVAC, roofers) they work in homes daily, they may know if a deal.