Please send details of the property.Thanks!

You don't go into detail, but I'm assuming the $1,400 rent would apply to the 3-bed house, not the 1-bed guest house, is that correct?

In CA I can email title company day of the sherif sale and within two hours I’ll get the clear to close title very or detail title report..... i am finding it very difficult here on the east coast

@Dale Rast if you have not already there is a book published by the NASB that walks you through the details of SDIRA/REI investing.

Get detailed invoices. 

Me, personally, I'd rather pay for only what I actually get, and I'd like to see who I hire get paid for what they do - no extra money, and no losses.Does line 5 (exhaust hood) include the hood itself? 

The rent should be high enough to over all of your expenses, with extra. 

@Doug Pintarch I'm proud of you my friend and am super happy that you took those extra steps!

Where is that extra $20K hiding?

One big advantage of a seller financed note is that, in the future, you can try and negotiate a lower payoff amount If they owe what its worth, you don't get that extra bonus in the future.