I was talking with the owner of a mobile home park within 45 minutes of my home; he inherited it from his father. 

What are the tax implications for the seller in an owner-financed deal? 

New here :)As the Marketing Coordinator at Rental Property Owners Association (RPOA) of Kent County (Grand Rapids, Michigan), I like staying tuned into discussions about the trends shaping the real estate investing industry.

Have tried all the fancy other rekey systems and they all have failed or are too complex for anyone but the owner to use.3) You will need a fairly trustworthy handyman that can also change lockbox codes, do MoveOut videos, meet insurance agents, etc.4) Find a reliable agent that can list for rent when Zillow isn't cutting it, handle other showings.5) Showings: invest in a smartlock, so you can control self-showing access.

Terms in these areas are negotiable because the owner is basically the “bank.”There are books out there on creative financing, like Pace Morby’s on BP, but I would first ask what their terms are and negotiate from there if needed.Keep learning and take action.I wish you all the best.

However, the owner of the new house intends to sell, prompting their interest in renting our property.They provided letters from their previous two landlords.Please let me know what you would do in my situation.Thank you.

Also, we see many posts from owners who spend their days on the beach because their PM's are doing such a wonderful job.

Because we are suburban, we make our properties pet-friendly--fenced yard, open to pets, etc..

Something like one owner says I will buy your half or sell my half at thsi price, what do you want to do?

Garret Sutton has said on various podcasts that 50% of LLC owners fail to do this so the LLC is basically thrown out.Your first line of defense should never be an LLC, but simply running your property well and abiding by the law; basically, you want to avoid a lawsuit in the first place.