Thank you for the responses gentlemen!

So let's say I have 10 leads willing to do seller carry-back sales this year, all at different rates (do they need to be tied to an index if each individual seller is only doing 1 sale?)

Thank you for all of the responses!

Wow, these are great (and fast) responses, thanks so much!

Post cards are cheaper but from what I understand yellow letters have a higher response rate.

That is because the sellers will still be responsible for those payments, not you.

Don't be one of those posting basic questions on tenant problems when all the answers can be found  in the state codes that as a landlord you have a responsibility to know..

Your responses have confirmed my suspicions and I'm thinking that this is a deal I probably don't want to get into.

Due to low inventory and trying to stir up more opportunities I recently put a few posts on Craigslist for my target market indicating I buy houses for cash.I have gotten several responses and asked them a few questions via email prior to a phone call.SO for those experienced in doing this, what is your approach to vetting people prior to making a trip to their property?

The reason for my confusion could be that I read another thread where it was the Reverse Mortgage Institution who was selling the "Owner"-Occupiers property, and the responses there suggested that was nothing out of the ordinary, since the Institution was already paying out that Owner per their reverse mortgage arrangement, and could continue to do so even if THEY sold the property to another party.