Used to be you could owner finance jusy about anything and any time but Dodd-Frank changed all that so that now you are pretty much ok if you owner finance another investor because investors are more deemed to understand fully what they are getting themselves into and some layman only looking for a primary residence could very well be taken advantage of through userous fees and interest charges.

If competency is an issue, you may have bigger fish to fry.In re: probate, you can use sub-2 language to make closing conditional on probate outcome and ability to convey fee simple title to 100% of the house. 

We're told it's in mint condition, but we're estimating $5k as we'd like to install coin-operated laundry (hookups are already there) at the very least.

We repainted the walls and are getting all new flooring installed. 

The cleaning fees get charged to the renter.  

Most managers are charging 20% of gross rents + airbnb/vrbo cohosting fees + maintenance or other items above and beyond the contracted rate. 

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

. $24k will quickly get paid back just in title fees in year one. 

There is not typically an inspection clause.....read the auction terms, talk to a rep.....do Not use their title co. for the “free” title insurance, it isn’t really free as they tack on a bunch of junk fees and their title insurance typically has extra exceptions in the B Exceptions.

It says this Buyer may receive a Special Warranty Deed or equivalent if buyer is able to purchase title insurance without delaying the closing (title fees typically cost between $500 and $1,500 and are based on the purchase price of the property).