Situation: Local motivated seller is in need of relief from his monthly obligation for a sfr investment property.

She is in default and has many medical issues and has already packed to move, so the motivation is there.

With all of the Dodd Frank and SAFE Act concerns around seller financing I'm wondering if I can simply give a POH to a tenant as part of their rental agreement? 

I've pulled some county listings, I'm considering getting an agentpro24/7 membership (I know the data isn't necessarily up to date), I have my sellers letter ready to go, but I'm not sure the best way to build up my buyer base.

Account Closed How are you planning to find the sellers?

I have begun this journey with extreme motivation, and I believe my “reasons why” for pursuing this are very strong.

Commission amount seems right for my area in that most of them want 3% for the seller and 3% for the buyer all coming from the seller side. 

1.Ask for a copy of their standard seller side and buyer side closing documents2.Ask if they close any non-traditional type transactions you intend to use.3.Ask for a copy of their standard fees, and if title policy rates are not set by a governing body4.Ask about insurance premium rates.5.I would ask them if they are investor friendly.6.If they double close and if what do they, ask what do they charge for the 2nd close?

An appraiser is obviously going to inspect the house and our concern is that we then would not be able to finance as a duplex, not to mention the added property taxes.Listening to Brandon Turner's The Book on Investing in Real Estate with No and Low Money Down, we thought maybe this property would be a perfect candidate for seller financing?

If this landlord only has a few units he might be motivated but more likely he's got a few hundred and could care less.