If she always pays on the 5th, she probably sent the letter on the 5th,  so whatever date is on the letter shows when it left her possession and I'd assume that to be when you can charge the late fee, not when you receive it, just my opinion-- but again-- don't do checks! 

That said some creative stuff would be not just owner financing but a delayed settlement or a delayed settlement with immediate possession, a master lease option, a plain option to buy or some combination of these techniques. 

Paul Sushereba (NFM Lending, Beavercreek, OH) is an outstanding lender who possesses a truly impressive knowledge of the lending/mortgage process and is also very investor-savvy.Both of these rockstars worked tirelessly with us to close this deal.

The resident has to insure their possessions, and the landlord's liability ends at the timely repair.

A roof leak and half the dining room ceiling caved in... they almost wouldn’t close without pleading and confirming that I was going to fix it as soon as taking possession.

People wil always need a place to stay.For the mtg r.e. business one must possess three main ingredients to complete 1 sale transaction.1.

It sounds to me that the judge will throw out the case when the tenant appears before the judge and claims the old owner is no longer in possession of the property.

This past Friday I had lunch with a fellow investor with exactly that scenario: his seller has "life estate" rights of possession but cannot assign or encumber their beneficial interests and the drafting attorney further restricted possession to that person.

I'm just starting out, but I'm always learning and I take possession of my third property Dec. 1. 

I would take possession of property and pay them directly.