The one detail I failed to mention is that an Airstream owner who did the same idea last year (sans garage challenge, just bought an Airstream and placed on big lot behind his house) sold his house and will rent me his Airstream for $500/mo. versus paying to store it.

Her income is $700 per month, she applied on facebook and her facebook isn't scary, like a couple others who inquired but failed to follow through.

The number one reason folks fail to protect assets or take other legal precautions is because they just don't get why they need to. 

The purpose is to ensure that the selling agent doesn't end up with a passive-aggressive or incompetent loan officer who creates unnecessary delays or fails to ensure that the sale of the property will close.

They "safely" guarantee themselves decades in the rat race by failing to use leverage. 

They then have the right to foreclose and take back the property if you fail to meet your obligations." https://www.biggerpockets.com/forums/50/topics/148955-seller-financing-what-happens-to-the-deed-title

Without fail, you call them and the rate is something atrocious that you can't cashflow with, and they typically have prepayment penalties, meaning you can't refinance out of it (or sell) for several years, or if you do you face a steep penalty. 

What if your plan fails, is plan B to back out and do you expect the refund of your EM?

The main reason I do not participate today is my local plan administration is slow, taking 2-3 weeks to schedule the initial inspection, then if something--even a very minor problem--causes the unit to fail it takes them a week to re-inspect. 

my dad sold most of his paper in those days.. so we just wiped out the PV calculator and backed into what our note buyers would pay for the given cash flow.. that turned out to be 30 months zero interest has the same note value as a 7 year 15% rate note.. shocking I know.I have employed this over the years to sell my OREO s that I foreclosed on buy and hold investors who failed.