By and large a 1,200. market rent tenant who is gainfully employed will be much less management intensive than a 100% section 8 tenant in a 600 dollar rental that someone bought for 40k..

So there's incentive all around to work out differences without going to court.

my understanding of seller finance is seller becomes the bankyou and seller work out down payment and interest

Then you (or your end buyer) get a deed from the new owner.Alternatively go back to the original owner with the new owner and work out something with him (or her).I would want to see the original paperwork so that I knew exactly what their deal was.

I have some funny voicemails saved that people have left....I work out of an office space and at least 3 times I have had sellers who have received my mail piece show up looking for us.  

Look at a lot of houses and work out your analysis.

This allowed me to see if it's something that would work out long distance while we are still here.

I can sleep better tonight knowing this one didn't work out!!

What is the cap rate work out to be on your 300?

Many REIs its seems are paycheck to paycheck, so Lease Option Assignments are less intensive when first starting out.