Spring may generally be the best time, but remember nobody can forsee the future.Or build a 2fam yourself and flip it to an owner-occupant come spring :)

I did go driving for dollars and found 2 properties that I am going to send letters to the owners so it wasn't a complete waste of time.

When selling a property via owner financing are there any terms beyond the obvious (price, term, interest rate, late charges, ect... ) that I should have my attorney build in to the contract?

The bank is concerned that they might do something wrong in the foreclosure process and want to protect themselves by shifting these problems to the next owner via quit claim deed. 

I look up the old addresses they sold and contact the owners for a real review via Facebook or LinkedIn.So far I haven't been able to independently identify a happy turnkey customer.

The thing about this neighborhood is it is not a mobile home park, the lots are big, and there are a few lots with very nice brand new brick homes owners have built, and others with older homes as well.

Does anyone have any experience buying subject to owner financing in Memphis?

Does the 20 years start over with me, a new owner of the land?  

A personal guarantee of the retirement account owner for debt taken on by the account is an "extension of credit" and is a prohibited transaction.Real estate debt financing within an IRA will result in UDFI, which will be taxable income to the IRA.

Once the listing was removed I was in contact with the owner to get some more information about the property and to see if he still had interest in selling, which he did, but would not budge from his original asking price.