Sounds like he's new to the business and is trying to build clientele.We offered credit for quite a while, and it failed miserably.

Even with the help of an IT department, many organizations have failed to implement the right design, equipment and management of these sophisticated systems.

Keep in mind that with NPN if the note holder fails to make attempts to collect amounts due, the obligation may become uncollectable, so make sure the holder shows proof of demands and check state statutes on the perfection and release of liens.

So the interest and principal paid on the option price is yours if the buyer fails to close.

After in office, they tend to lock up the organization to maintain control, IMO.You need to document greviences that are not addressed and be able to show other owners that they are self dealing or failing in the position.

It's hard to sell something that is tenant occupied - they will resent the intrusion, fail to keep the place clean, etc.

When the debt is fully paid as agreed the seller releases the collateral lien evidenced by the mortgage or deed and then provides a deed of release.Seller financed notes are not funded with cash and in the event the buyer fails to pay as agreed, they are in default.

Doing so might also put you in a bad light as failing to structure the deal properly as financing the deal.

If you read a thread on BP about the number one reason why investors fail, you will see that many, many failures are due to lack of cash reserves.

I check into zoning issues, what types of businesses will be allowed under the current zoning, what happens if I remodel, any code violations on record, what types of businesses have been there in the past.It is good to find out about crime levels and incidents that are happening in the area.I like to check with the fire department to determine if there have been any fire incidents nearby or failed fire inspections.I'm sure that others have more areas they investigate as well.