It’s a simple in concept but extremely detailed and paperwork / knowledge intensive strategy.

This choice changes the situation for the lender into an equity partnership which increases their risk, which deserves a higher reward, in equity, cashflow and sale.In any case the lender should be on title (like a bank would) to secure some or any colateral.I am a multifamily real estate business owner and not a legal expert, therefore any agreement should be drawn up and executed by an attorney specialized in your field.

Then if your DTI and credit are good you could purchase the second property to live in under FHA.Connect with @Tim Swierczek, he is a local expert who can shoot you in the right direction. 

My question to all you experts is how do you feel about purchasing a duplex at full cost instead of at 80% value?

Looking for advice / leads for a knowledgeable real estate lawyer in North Central WI (Antigo, Wausau, and surrounding areas) that can assist with seller financed deals. 

Do you have the knowledge to handle a property of this size?

like more others but I am scared of asking this question and were to start since this is a mess I got myself into for the lack of knowledge.

@JohnPaul PachecoYour question leaves me a little concerned that you don't really have the knowledge to go into this an be protected.  

Super funny and knowledgeable.2.

But in the end, you'll be the one gaining far more knowledge than you can pass on to them.