This would resolve the concern regarding the non-conforming unit.Any seller financing would be secured by the subject property (not my other assets).I'm not sure how the "rent back" clause gets documented, but I would like the contract to formalize that the owner can rent back her unit for as long as she like for $2000/month.

we will become just like Japan  Singapore and other countries that have to import labor.. but I suppose in a more controlled manner.. welcome in the out of country labor just document them and do keep the criminals out.. there is a seedy side to all this as you know.

The lender will help you write a letter documenting this reason.  

Purchase the note, set up w a servicer, make sure your asset is insured/protected and then let the note 'season' w the servicer for 90+ days to document a history that monthly statements and CFPB compliant late notices were sent and any correspondence is documented.   

On the other hand, if you have no clue as to what's about to happen to your money, don't be surprised if you never see it again.Finally, give yourself credit for what you do know, and get yourself a good local attorney to not only help you get, but to bring your documents to the deal.P.s.

Can they sign the document and fax it to me or scan it to me and I take it to escrow or does it have to be the original document?

Your note payment to her is $1,200 per month.She uses $600 to make her loan payments, and pays you the other $600 as rent for 1/2 of the house.This $600 is rental income to you, but you can deduct $180 as depreciation for 1/2 the house, and deduct 1/2 of the utilities, taxes and insurance.Work out the details with real numbers and then go see a Real Estate Attorney to draw up the documents, Warranty Deed With Vendor's Lien, Deed of Trust, Real Estate Lien Note, and Rental Agreement.Your only out-of-pocket expenses will be the legal fees and document recording fees.Your monthly costs should be about $900.I hope this helps.Good Luck.Say Hello to Mom.

Hi, William I haven't taken the test yet but, this link will give you what percent of questions from each subject and some other info. good luck http://www.myfloridalicense.com/dbpr/servop/testing/documents/RE_sales_cibs.pdf

Document your history in case they do file, but it would be very rare if they did.

:We are in the process now of doing our best to mend this relationship between the two brothers, so that they both will sign some documents and walk to closing.