Best way is to find attorney to draft a mortgage and promissory note which outlines all the terms. 

That was about a month ago and since then I've been studying and listening to the bigger pockets podcast (just finished episode 70; side note Grant Kemp has a good thing going).I'm from the Northern VA area and I was stationed there about 8 years ago. 

We are taking a trip out there the weekend of the 22nd and want to drive by a few areas and see if there was anything worth taking note of.

If you know what you want to do, then read the titles of the episodes and the show notes and you will get a flavor of the topics. 

Syndications or notes.

And note that the survey isn't at 0 points, add another 0.125% or so if you want that.

I would also like to note that I Live with my parents (for free) and don’t plan on moving into this property.

Higher returns (typically) than say a note (whole package deal) versus a rehab flipper who is doing it hands on and basically has a job.  

I am copying and pasting this into my notes.

Interest rate is 3.25% and we have about 7 years left on the note.