, but if a title search indicates no cloud on title, that should legally qualify as "clear title" I would think.I know state customs are going to vary (in my state, it's very atypical for the seller to pay any title or closing costs unless specifically stated in the contract), but even if it's customary in your state for the seller to pay title search/insurance costs, short sales generally have their own rules.

(IRS rule is you have to live in a house 2 of the last 5 years to not pay capital gains on the sale of you personal home).

They have apportioned $200k for the land.So, say you can get it for 1.5mm (9.6% Cap using 50% rule) which seems possible, or perhaps you could do even better, considering the limited pool of buyers the financing terms create.

If their credit reports check out and don't have any flags, I may meet with them and go over the Lease Agreement.The only thing that I'm a little uncertain about, is the payroll receipts that she sent me... they look like they were typed on a typewriter or something, though every document is identical to the others in format.

The FTC mandated this from the credit bureaus in order to help prevent/curtail identity theft.

hello everyone...heres the rules according to Realtor.org http://www.realtor.org/topics/seller-financing/the-safe-act

We're all biased towards incredible stories.We end up thinking that "high school drop-out turned millionaire" is much more common than it actually is, because we hear that story much more often than "high school drop-out turned out exactly as expected".My rule of thumb: get the best education you can, unless a better opportunity presents itself.

Lupe,Private lending can be done easily with out using a broker, However that said there are Sec Rules.

The tenant has to verify their identity to pull credit, you cannot just get their approval on your application.

Something around the 1% rule (12% per year in gross estimated yield)?