Be creative with the price and tinanciñg and do not suggest a bank unless they are  very qualified. 

These folks owe the bank $36K and the property appears to be worth no more than $20-30K on its best day.

It is free property management software that allows you to keep track of your properties and receive rent and other expense payments directly to your bank account for free. 

In short, this is the exact same process as any other transaction...contract, title, close...some thoughts...Down- 25k is a bit light (even though this is all relative...I personally offer 10% down to open and some folks are fine with that)...I would ask for 20% down to protect the interest of your client...the buyer would get a 75% LTV product from a bank if they were not occupying the property.

We negotiated this into an owner financing acquisition so no bank financing was involved in acquiring it.Now, we did have to do some work to it.

It's a bit of work, but more enjoyable than LTR; at least for us.

I created a company a few months back but I haven’t made any deposits in it (doesn’t even have a bank account).

If you only need the funds for attorney's fees, it would be easier to get a signature loan from a bank or a loan on property or automobiles you own.

We purchased our first single family home from the bank at that time, and never looked back!

On the initial conversation he stated that he's in his 90s and wants to enjoy spending time with his family and therefore wants to sell his properties.