From the perspective of an individual investor, they're the same since you still have to engage in property management either way as far as the cash flow is concerned (although, I do admit that the level of property management will be less for the noteholder than for the landlord).Given the above facts, it would make more sense to keep the note short term, to give the buyer a greater incentive to refinance.

. - As I find on and off market properties, is the common practice to engage a buyers agent (which I am very happy to do) to represent me ? 

Excited for this next chapter of my life, and very glad I’ve found a community to engage with.

That not only ensures that the major components are in good condition but that they have enough life remaining to engage insurance coverage.There are a lot of ways to make an offer more enticing without boxing your client in.

Because properly "serving" the out-of-state HW company might be tricky, I was thinking of engaging my RE attorney to help.

I'm exploring the option of refinancing several commercial loans that I have and engaged a mortgage broker.

Hey @Marco Bario, thanks for engaging on my post.

The time-line as stated was the person applied, was approved, person than informed he had a service animal and inquired about that, landlord than canceled approved application for said service animal and did not engage any further on it and instead went onto others persons, approved them and completed move-in. 

The thing you really need to watch for is inexperienced and desperate agents- those are the ones who are most likely to really, really want your business and engage with you, meet with you, spend tons of time analyzing and showing properties- they have the time to do that because they aren't doing any deals, don't have any clients and have no experience. 

I would engage a real estate attorney to draft the loan agreement and deed of trust as a template that could be used in the future.