We recommend you to collect 1 year's pre-paid insurance, 2 month taxes & ins reserves, and include the monthly servicing fee in the monthly payment amount.Also, if your buyer speaks another language, it is also important that they sign a translation letter of the documents provided.I am an owner finance specialist and I am here to help answer any additonal seller finance questions you may have.

Speak to a good CPA.

What are some tips you guys have when speaking with sellers?

If you're unsure about your legal obligations, speak with a RE attorney and go over this with your agent if you're using one to sell.

I can't speak to the audit rates of other firms, but I do know that several non-forensic firms have been put out of business because they have failed several audits.

I would encourage you to do your own research and speak with a CPA on this.- Josh

Do your homework and speak with references in the program to understand what you'll get before you join.

@Matthew Rollo the bank won't be able to speak with you without the owner's (borrower's) written authorization.

I did speak with Residential Rental Group (http://www.residentialrentalgroup.com/) and DeAnna was very nice. 

@Michael San Roman Without needing to speak with Realtors, look at the latest stats in the area on price of homes and what is happening in some of the NE Florida areas.