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.

To this date, the owner on the property record still shows "SECRETARY OF DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT" as the owner even though the party I'm buying it from is Wells Fargo Bank.

We feel that we are getting better returns there using a buy, rehab and sell with owner financing.  

HMM;  As the Buyer, you WILL become the owner and if it is or will be a rental, you WILL become the landlord.

I'm thinking of trying to get her to owner finance and I'll put a rent to own strategy on it.