@Bobby Dailey - just to give a different perspective, for future appreciation of significance, I personally would not consider any of those four locations you noted (Jasper, Clanton, Eva, Oak Grove).

I've only spoken with two companies that work with housing for one person and the property that I'm looking to obtain is a three bed

Do you have your real estate attorney draw up a contract and you sign with private lender before going to the closing table with property owner?

These forums are not for personal attacks mentioning someone education as you feel its the only qualification to be an investor….

You are the owner if you try to borrow with a LLC or if you borrow in your personal name.

I persisted and much to my surprise one day the door opened a crack and thus began a multi month journey through this man’s personal hell that eventually led to a $30,000 profit.He owned a local Jamaican bakery that was failing; his marriage was ending and his soon-to-be-ex moved out with their 5 year old daughter; and now he had lost his house.

But I began this reply with IF, because if they are all cash-flow positive, I would personally not seek to pay any of them off early (depending on your age), and instead save that money to put towards obtaining additional properties.

They also have a Personal loan, $40k to $900k at 5%!!

I have a preliminary call in a few minutes with a person that wants to get into private lending and wants to engage our loan consulting side to assist.

How would you explain these buyers terms to the seller. ok. 30 year amortization means the monthly payments are based on a 30 year loan, but at year 20 whatever the balance is they pay it off then (balloon payment)Personally I would NOT accept any of these offers.