Also, in the lease I list that the remaining amount of rent for the first month of $135.00 is due on August 1st when the lease will commence and will need to be paid in cash or with a money order prior to any keys being handed over.

Insurance can remain seperate on one property or you can use a blanket policy, won't usually matter.These are not usually long term financing arrangements or fully amortized depending on the loan amount.

The ones remaining have been paid down substantially.

Remember, IT IS BEING BOUGHT AS A BUY AND HOLD and that is how it shall remain until I decide otherwise.

From the remaining 50%, you have to cover your P&I payment (only P&I, that taxes and insurance are in the 50%).

Right now he's looking a huge first that is still in place, which doesn't suggest a subord took place.The question remains, though, what to learn from this and how it changes future actions prior to purchasing at sale.

Not legal advice, but my understanding: The CA version of the Safe Act remains silent on most seller financing.

There are great opportunities here but our market has become saturated with investors over the last 18 months so you have to remain consistent with your offers to get anywhere.

If the property has value that makes sense, you can buy the partial interests from the siblings and then attempt to settle with the remaining owner.

Then determine ARV of the house --estimate rehab costs --you are a rehabber --so get good idea -- then get survey done --separate 5 or 10 acres you want for your self with your house -- buy that much for $130,000 and balance of the price for the remaining land.