It is about 1680 Square feet finished (840 per side), side x side (mirror image), 2 bed, 1 bath duplex with separate everything (Gas/Electric/entries/laundry), a 2 car garage w/ 1 extra off-street space, big back yard, great views of the park, and in a phenomenal location.

When all the dust settles (no pun intended), we will close the flip and out of my earnings, I will have to pay the investor Xmonths of interest at the rate they are getting from their bank (about 4.75%).

Not knowing the cash down and the LTV prompted me to mention the LLC as more often a seller will allow a partner feeling they still have some control in the deal allowing the partner to "earn" their way in.But, if there is a chance of doing a higher LTV or with cash down, the note and deed of trust is the way to go.

Go the extra step and get a pre-approval letter from your lender of choice.Yes, absolutely shop the rates.

If your trying to move that money via 1031 exchange (Im no expert on this) wouldn't the owner finance just add an extra step/ hoop to jump through?

Nevertheless, in response to commenters' requests, the final rule provides a non-exclusive list of methods that issuers may use to satisfy the verification requirement for individual investors.The methods described in the final rule include the following:Reviewing copies of any IRS form that reports the income of the purchaser and obtaining a written representation that the purchaser will likely continue to earn the necessary income in the current year.Receiving a written confirmation from a registered broker-dealer, SEC-registered investment adviser, licensed attorney, or certified public accountant that such entity or person has taken reasonable steps to verify the purchaser's accredited statusThe underlined/bolded item above leads me to believe that this guidance is only for reference and one can do their own, independent process provided it is reasonable.

If someone doesn't have a 'real' job and doesn't have enough rental property to handle that full time, then do a few flips to supplement your income and take up some extra timeandy

If it's you then you need to take extra out of your monthly income cash flow to account for that, I believe they say to expect 50%.These numbers you're giving, are they minus things like insurance, etc?

What is the best RE investment degree/license/document/title to get or earn?

It is amazing how just that one extra unit will make this a cash cow for us.