I've also heard of having the seller deed you the property before the closing, but I haven't researched much on that subject.

Do your research, let em hang and make some offers.

Some owner finance is happening to almost every deal these days in the commercial realm unless they are buying on a low basis with all cash.2 viewsBuyer wants to pay nothing and owner financeSeller wants a fantasy price and wants all cashSomewhere in the middle lies reality.When I do owner finance deals from sellers they can research me.I am plastered all over the internet.If something goes wrong my credibility goes down the tubes.The problem with many investors wanting owner financing is they don't sell themselves correctly to the sellers.If you as a buyer have no money,no credit etc. you will appear weak to a seller.If you are a qualified buyer but just want owner finance then the seller might be open to it when they see what you will guarantee on the loan and what kind of credit and reserves you have.

Well a couple days later I was doing some market research and stumbled across it on the MLS.

Google earth and street view can tell you a lot about an area without actually having to hit the street.After doing some online research you would be well served to burn a tank or two of gas to get a true feel.

I have been reading, researching real estate investments and strategies for many years.

If you haven't yet, research the 50% rule on these forums.

However, I did a lot of research and then bought my first foreclosure shortly thereafter, rehabbed it, and was able to rent it to a tenant I really like (and still have) about 60 days later.

We've visited a few times and each time, I learn and research the market even more.

The only reason I say this is because from my research, any "boilerplate" contracts out there just don't cut it.