Also see public records to obtain the starting mortgage, and the remaining balance, that will be the price the bank excepts. 

Hello, my name is John Lewis from Camden ohio which is not far from Cincinnati ohio I became interested in real estate years ago but had some naysayers holding me back but recently I've done my own research and found it can be an incredible way to build wealth since I am not satisfied in being in the rat race forever I'm ready to take action and change my family's future I am currently employed as a conductor with a top railroad I would love to work with a mentor and learn more about multi family operations 

The owner asks for $5,000 down and a 7% interest rate on the remaining $95,000 amortized over 30 years for a monthly payment of $632.03.

Because the FHA loan is assumable I am offering seller financing to cover the remaining balance of the purchase price less the loan balance.I'm wondering how I handle seller financing.

I am using the 50% for expense rule, after that and paying the mortgage from the remaining 50% I want at least $250 to manage a door/unit.  

Additionally, I didn't want to use the land contract approach, but was trying to find a work around to the complications caused by the ML Act and was still not satisfied with the solution. 

.$500 for 1,000 stamps$200 for 1,000 names/address from Listsource$25 for 2 X 12 packs of yellow pads. 50 pages per pad from OfficeDepot$30 for 1000 envelopes from OfficeDepot$12 for Pilot G-2 pens from OfficeDepotThis is only $787, keep the remaining $223 in a bank account for right now.Send out 25 yellow letters a day, everyday, for one month.  

you already have it in writing that you are the new owner and all payments would go to you. you just need to notify the tenants that the payments will now be made to you and to send it to your address and that all provisions of the signed lease remain in effect.

i think starting your own meetmup is the best way to go because you can also specify who is allowed to join the meet up.If they want to join your meet up they must satisfy this criteriaI.e.  

Such room shall not contain laundry facilities, a water heater or a wetbar-type sink.C.The rented room shall not contain an independent exterior entrance.D.The rented room may not be detached from the principal dwelling unit.E.Not more than two (2) rooms shall be rented in a single dwelling unit.Regarding these laws, I would satisfy all of them, the only thing is section E, only 2 rooms shall be rented in a single dwelling.