I'm figuring despite any other factors, since you didn't follow the law to the T, you've gotta pay.

@Chris T.

Chris T.

Question to Minnesota Investors familiar with Seller financing: I'm looking to work with a couple sellers who own property free and clear and are willing to do selling financing.What type of transaction(s) did you do (CD vs D of T), how was it structured, did you hire an attorney to write or vet your contract and BONUS: are you willing to share the basic contracts/documents (what I'm really in need of).I always thought "contract for deed" was the customary seller-financing structure, but was advised by the BP community that a deed of trust combined with a note is more prudent.

With no disrespect meant, but it appears you're quite new to this adventure and I would assume once you get the contract you won't really have any idea what the provisions contained in it mean. 

I do build small contingencies in, but it's really meant to cover the always rising labor and construction costs.

I am not 100% certain but I believe there are certain exceptions for creditor w/r/t speaking to other creditors about a loan.

I could neither agree more nor have said it better.David T, another thing to consider is there are different types of investment strategies.

Now, if you were like hey we love the area, we like the house but would be open to moving if that meant we could start investing..... that's a different conversation.

Although Buffet has famously set up his estate planning to provide his wife with 90% in the S&P 500 and 10% in T Bills (OK, 2 asset classes).For someone like me who only started investing in real estate more recently, this thread is thought-provoking.