A park like you've described doesn't need much attention, unless you've got a collection issue, or high turnaround.  

Heres a video that describes how I use the above legal pad 3 column method to talk about Selling w and Agent vs Renting it out vs Seller Financing.https://docs.google.com/a/reiskills.com/file/d/0B4...No links or ads.

If you approach your investing like I described, you too could be investing on steroids.Joe VilleneuveREcapsystemA2REIC

I just described a farm sale I attended less than a month ago.

Overall I feel like note trading or dealing with note brokers on an institutional level is not for me, and the "plays" described can get a little hairy and then insuring them etc etc... that's all a little too much for my taste.I had never really considered notes as a "thing" to trade in, but that podcast opened my eyes to it.

As real estate takes off and you become busier you will have to decide how to juggle it all or what to cut etc.I have a new agent starting that has a full time bail bonds company and wants to start real estate on the side as you have described.

Seller agrees to sell and buyer agrees to purchase subject property listed below.WITNESSETH: That Seller, in consideration of the payments, covenants, agreements and conditions herein contained which on the part of the Buyer are to be made, done and performed, has this day sold, upon the conditions hereinafter recited, to the Buyer the real property legally described as:SUBJECT PROPERTY: ________________________________________________________, hereinafter the property.LEGAL DESCRIPTION:________________________________________________________________________________________________________________________________________________________________________SALE PRICE: $________________________SUBJECT TO: _________________________________________________ $________________________EQUITY: $________________________PAYABLE:THIS IS AN ALL CASH TRANSACTION.

But there is nothing remotely uncommon, improper or unusual in what you describe.

Here is what I use in my business coaching business:Business OverviewEnter a paragraph explaining the business.The Business ModelEnter a paragraph or two explaining how the business makes money.Services Description1.Service #1: Describe the service 2.Service #2: Describe the service 3.Service #3: Describe the service 4.Service #4: Describe the serviceMarketing Strategy1.Describe how you will market your products or services. 2.Explain the market for your products or services. 3.Pricing products or services: Explain what is the pricing for your products or services and what the pricing is based upon.OperationsDescribe how you will operate the business on a day-to-day basis.Finances1.Develop a “bootstrap startup costs” list with a target budget of $1,000 or less, as well as the number of man hours projected for the first three months.

If I were to do it again, I'd find a brokerage that is investor friendly and geared towards finding deals like @Brian Ortins described above.