-Make sure you are both clear about how profits and equity will be split.

@Frank James BatignaniIf your seller is willing to carry in second position, you may be able to pull this off on a Hard Money Loan.

We also don't *need* the equity toward the new place, although of course it wouldn't hurt.

I understand nothing will cash flow positive doing this in my area but it would at least help with payments. 

Had some add'l work on the front end but was able to just take over the existing policy.One potential positive...if you have a higher risk tolerance and you're the buyer use this position to your advantage to negotiate a lower price point. 

I'm looking to connect, make friends, partnerships, and like everyone else a positive investment for my future.  

for new investors, i think they really need to ( 1 ) get into a strong financial position, and ( 2 ) put some time into building a network and gaining market knowledge. 

The trustee will assess whether the sale aligns with the debtor's financial goals and the terms of the repayment plan.Equity Consideration: If the sale generates capital gains, the amount of equity gained from the sale might impact the Chapter 13 plan.

What should I be looking out for to make sure I am protecting myself in this position? 

I am in the same position that I want to start taking action but want to make sure I understand my paperwork and have a title and attorney who understands it in my corner.