With that in mind we're going to try out a new concept for our forums, contests:[b]Welcome New Members Contest[/b]Contest Rules:1.

Maybe I shouldn't say that I couldn't grasp it, but rather I really didn't like the concepts of creative financing.

Basically, I am a young entrepreneur who just got through allot of life changes, and I am trying to settle down and get into my first home.

My knowledge of corporate structure is basic, but I have decided on my corporate structure, and how I should develop that aspect.

Basically we use a team approach.

On the flip side, I have talked with a contractor that does work for Richard Davis' Trademark Properties (formerly of Flip this House and currently doing Real Estate Pros on TLC), and he basically said that that guy is the real deal.

I know a land contract is different but but basically the tenant pays the insurance and makes the mortgage payment, gets the deductions and benefits of home ownership.

The same thing can be said for a fraudulent transaction… in many cases you cannot define what is fraud in general... but I can tell when I see it...In a subject to (“S2”) transaction the basic premise is that Party A will buy Party B’s property and not payoff the existing mortgage (or deed of trust).

Here's the basics on the house:--4000 SQFT (including 1000 SQFT finished basement--6yr old central unit and unknown age second unit--excellent foundation with no to very minimal settling--split level with large bedrooms and large bathrooms--1.5 acres lot in a good neighborhood with a few million dollar homes a couple of streets over--nice but neglected landscaping--built in late '70sFannie Mae wants $179k but it needs everything on the inside.

They certainly CAN be problematic, especially a disposer, but if you provide clear, written, instructions on basic operation, AND make sure the tenant knows they will be responsible for the cost of service calls caused by misuse, your problems will be minimal.