The expenses of running an apartment property include vacancy loss, maintenance, repairs, management, accounting, legal, evictions, depreciation, landscaping, make ready, utilities in common areas, extermination, insurance, property taxes, building code violation fines, permits, usage fees, security, management, leasing fees, etc.  

He might give better terms than what you were thinking of offering.If you do decide to form some kind of partnership have an attorney draft the legal documents.

What fees do they charge for their services?

Also, you can't evict your tenant now - you need just cause so unless the association wants to get involved in a legal matter.

From your profile pic in uniform, you might want to explore whether you meet the service requirements to qualify for a VA loan.  

Hello to all-@Andrew Hall - Hi Andrew, sounds like a great plan you have put together.If you would like to work with a servicer on your seller financed properties plan, I would like an opportunity to talk with you. 

When it comes to the home remodels and renovations, there are many construction companies offering specialized services.

Current property deed has two names (X and Y), however the mortgage note has only one name (X).And as per the title search report, Chain of Title1:When the property was purchased the deed has both X and Y names as joint tenants with the Right of Survivorship.Chain of Title2:Later a quit calm deed was made with Grantor( prior owner)  Y and Grantee (deed owner ) XChain of Title3:Again a bargain and sale deed was made the other way from above Grantor( prior owner) X and Grantee (deed owner ) YCurrent Title (vesting information):And one more time a Deed was made with both names (X and Y) on the deed as joint tenants with the Right of Survivorship.Now, as X is the only mortgage holder from the time of purchase, and bank is foreclosing the mortgage on X, will Y have any legal ownership to the property, if the property gets sold at sheriff sale.

I use BofA for my Carpet Cleaning business just because they have merchant services so I can run cards and have it next day in my account.

Disclaimer: I work for a rent payment service.