Agree with the above in that taking direct payments requires an extra level of effort on your part.

They probably won't charge you crazy fees and they trust you more. 

Then once you have enough income/properties, start an LLC, roll the properties into land trusts (LLC as the beneficiary) and call it a day!

(including myself) is in a land trust managed by a property manager.

And you can do this at any level of leverage, doesnt have to be the full 70-75% LTV so you are still cash flowing strong. 

At a macro level the owner is trading a higher price ($130K over appraisal) for favorable terms to you, the buyer (5% down and not having to quality through a bank). 

If your dad has decades of success in real estate to that degree then why are you going to real estate investment meetings and listening to investors with just a sliver and net worth of his experience level??

Cant trust anyone in this business.

Trust and can I breakeven/profit from the setup?

But that's my point - gold has no value other than trust, same as fiat.