The market is extremely tight, so the good deals are far and few between.

Maybe because of the extreme temperatures here?

Hi,  I have about 110K that I would like to invest in a 1st trust deed. 

Not being concerned about cash flow is a extremely knave approach to real estate investing.

If the title insurer is willing to say everything is OK then it doesn't matter.Here's an example...Let's say the issue is an unreleased deed of trust taken out in 1990 by the guy who sold you the property.

I avoid areas that have extremely difficult tenants in general.

Hi BP Brain Trust, I've found a potential deal - it's a single family home with this property in back. 

I just know they are much more likely to do it in default.It is extremely likely that you signed an Assignment of Rents.  

I did deed research and found that it has a affidavit of heirency (was inherited by child of deceased father) and a tax lien contract (county tax lien was sold to a tax lien loan company and the owner now has a payment contract with the loan company).Would appreciate any insights from your experience of such deals.My main question is, how might I go about having an LLC or trust purchase the the tax lien contract  so that the property remains encumbered after the property is deeded to my land trust. 

Choose an attorney who has experience with seller finance transactions, and him draw up the promissory note and deed of trust for your closing.  *** Very important, if it is a WRAP Transaction, you must have your attorney disclose the wrap on specific wrap disclosures to the buyer 7 days prior to your closing date.As far as closing cost, your buyer should be responsible for the entire closing costs.