Pay off your old collection accounts/Pay off your credit card balances, if you can.

Couldn't be easier.One click period to review (this one's the1st qrtr)shows account balances, A/R (owe me $$), A/P (vendors to pay) and reminders.Standard Reports (PnL) & Balance Sheets are accessible via the Reports menu

Remember, you are investing for YOUR benefit, not theirs.It is admirable that you are trying to make the deal balance so that it is a win-win for both you and the seller.

The balance is sent in the form of an owner distribution.

These are the hard money terms:Loan Balance:$240,000.00Loan Interest Rate:4.00%Loan Term:2 yearsMonthly Loan Payment:$440.33Number of Payments:24Cumulative Payments:$250,127.55Total Interest Paid:$10,127.55Note: The monthly loan payment was calculated at 23 payments of $440.33 plus a final payment of $240,000.00Also, how can I guarantee that I can refinance after 2 years to a conventional mortgage?  

Before, but P+I was only $1200 and the balanced declined on the ARM to the point it was laughable - - $485. 

It's a delicate balance of getting the best deal I can and not being perceived as taking advantage of an elderly person.

The 1-3 month stays are perfect balance between not too much turnovers and increased income for me.

I try to find a balance between all of this. 

However, it seems crazy to me that he can't say "I have a note with XX balance, at XX interest rate, for XX years.