Also, she thinks taking $10K cash on the weekend means she will check if the cash is real on Monday after handing over the keys.

They were both very certain of this.My accountant on the other hand says that I can and it just has to go into any IRA.Do you guys know whether or not this is correct?

Does anyone have a first hand seller financing story they could share?

Some people are more risk averse than others so as you thought my answer is it depends. the seller is firm on his price have you asked if he would be willing to try and hand over the property vacant?

I was rather young for the 2008 crash so I don’t have the hands on experience in a down market.

Plus I can bring the city down on them when they get out of hand.

If you’re planning on moving at that time, I highly suggest to start looking around 1-2 months before hand and give  your landlord written notice that you are not going to renew the lease.   

On the other hand, if they are only 15 years old you may spread that cost over the next 5 years.Turnover costs really depend on the tenant quality and the length of time they stay.

It allows you to get great financing and be hands on rehabbing and managing until you can do it again.Fourplexes have the advantage of more leverage and smaller impacts on cash flow during vacancies.Start with talking to a lender. 

The bigger the project, the more room for things to get ugly, and you dont want to be stuck with a mess on your hands from biting off more than you can chew!