The tenants are on housing and section 8 pays for the majority of the rents.The A-Side rents for $965/mnth --of which housing pays all but $300/monthThe B- Side rents for $960/month--of which housing pays all but $153/month.The place needs only new carpet and paint if and when tenants moveThe seller told me he lives too far from the property and wants to sell for $120,000--I thought it was a great deal because it cash flows well with most is paid by housing, and the identical Duplex sold 2months ago for $149,000.Here is the issue--The seller decided he quoted the wrong price and wants 125k.

2) if so that an additional monkey wrench which will definitely influence the value of the note 3) What's the interest rate...higher is better providing it does not exceed the usury rate for Colorado 4) How long is the maturity....shorter is generally preferable within limits, and results in a higher value 5)  Are you wanting to sell some of the note or all of the note?  

@Emily Fraser identity theft?

I could have paid a lot less for an identical property with a tenant included.

The LLC should be filing income taxes and using its own bank account set up under the LLC's identity.  

I am thinking of holding them in land trusts with LLC (or S Corp) as the beneficiary for identity and liability protection.Can the LLC be formed in out states such as Nevada, Wyoming or Delaware for less cost or it must be CA LLC because I live here?

The older more "mature" cultures, regardless of their world status, you forget they don't have the "coddle" culture either.

Make it your identity.

Your experience is almost identical to hundreds of investors I've spoken with.

You'll mature as an investor over time so if you're not getting the right value out of the site it probably means you're not rationing your time properly, setting the alerts up well, or filtering on content that fits with your overall needs from the site.