Some say all contracts are assignable, others the NJ RE contract is; but in the same space I am being warned that one needs to be careful.

Just a warning. 

If that is the case @Rob Drum is your man, he is skilled in setting up owner financing deals and finding some amazing dealsI have done several myself and can share the forms if you like, I will warn you can only do 3 a year and not have to conform to Dodd-Frank guidelines.   

I'm thinking of using combination of LOCs and HELOCs to serve as my reserve funds, but I've been warned several times that this can be risky. 

would love to hear some insights on the market and start making new friends here on BPI've seen a lot of ppl here on BP warning or saying its nearly impossible to enter the market of southern cali would love hear the other side and connect 

My insurance company sent me a special message and warned me not to rent the house to the tenant with 6 types of dogs, pitbull is one of them.

For example my accountant always lets me know when renewals and other forms are due, which he typically handles and only costs me $50 a year, as well as answers plenty of questions that I have.As a word of warning, if you do decide to go through an online company you must be on top of every form filing.

Check with a closing agent in your state that does owner financed closings.I will warn you that unless you get a sizeable chunk of money upfront from your renter, the cost of foreclosing them out if they stop paying could make this a money loser for you.Rather than financing them, could you instead just offer them an option to purchase within the next few years?

Not that @Paige Kelsey needs anyone to defend her actions but I'll offer my opinion since it will be an outlier here.Firstly, she already warned that it was a rant and thus an impassioned comment.

I suspect if you had warned people in Michigan two years before the crash, they wouldn't believe it could have gotten that bad.