They sign a one year lease and you get paid on time.

I probably paid another $25.00 for PVC, toilet flange, roof jack and other miscellaneous stuff I didn't already have.

So really, this is a no money down owner financing deal, but the liens have to be paid before we can move forward.I'm looking for $175,000 which will be secured with the 3 multi-families I mentioned above.

If your state allows you offer discounted rent if paid by the first, DO IT! 

If you paid cash, then with a 10% return it'll only take you 2 years to get to number 2 and way shorter to get to 3, just by saving the cash. 

This family member wants to keep his share in the property until paid off obviously, but is afraid of tenants suing and coming after more than just this one property.

Back in my day we paid $350 for 1 form as we walked to school barefooted, in the snow, uphill both ways!  

The house is also paid off.

I ended up holding onto two income properties in nice areas of the valley and they produce minor cash flow today, but not significant and the property values are still less than I paid for them.  

We pay the mortgage on our rental property with the rents paid by the tenant.