Also, I have seen it posted here on Biggerpockets that investors need to use these funds quickly because they become very expensive, so I think it is crucial to attend closing with the knowledge of how to get it as efficiently as possible.

When creating the loan the Owner would reference the Applicable Federal Rate for the month the loan was written and set the interest rate at a rate greater or equal to the Applicable Federal Rate.Must report to the IRS the total amount of interest paid by the buyer at the end of each year. (1098 mortgage interest statements)Seller must record the buyers payment, calculate the changes to the principal and interest, subtract the appropriate amount for property taxes and insurance.The buyer can destroy the contents or the property and let it fall into foreclosure and all the seller would receive back is the property.Buyer advantages:Easy qualification, buyer can have poor credit and still qualify for note.No loan costs.Faster Closing then having to wait on a bank to qualify and close the deal.The buyer has time to repair their credit and then try to qualify for a conventional (bank) loan with a better interest rateThe main hurdle you have is in how you approach the home owner.

-Should I put 50% onto one card, 25% equally to the other two?

I form real life relationships with the TOP REO Brokers, not just anyone with a listing, and thorugh those relationships formed, I am able to make offers that are equal to the banks BPO approval amount.

No need for you to get off on a bad start when all you have to do is gimme a call and I'll help you get started on the right track, equaling less headaches.

Not a big deal as it sells within 120 days.Usually some combination of that, equaling 17% (3 pts, 14% or 4pts 13% etc)

Perhaps these amounts equal or are close to their mortgage amount.

I have 19 units, and have paid less than or equal to the tax-assessed value for all 19.

The rent is equal to your payment.

Overall strategy, combined with the answers from the questions from earlier, is crucial in order to determine which exit strategy to pursue.