Here's the rundown:Grandmother owns house (free and clear), her daughter lives in house as well with four children.Grandmother passes away, leaving behind Living Trust with a single asset (the house).

.• I do not currently have enough liquid capital on hand to put down 20% for a DSCR type loan.

An investor friendly agent can do all sorts of helpful things, like setting you up with a search for properties or connecting you with folks who have recently done deals like the ones you want to do. 6) Consider analyzing a deal or two in your local market, just for practice, with a free use of our Rental Property Calculator (or other calculators).

I would like to set it up so that I can basically hand reports with receipts to my tax guy and be done with it. 

As I have had first-hand experience, and also know someone enough intimately to where nothing was drawn up against them simply because of the proper structuring. 

You didn't mention what your PITI is and what kind of income your ADU brings in but I'm guess you're close to living for free.

Additionally, we may include clauses allowing for mortgage assignability and a balloon payment extension if the property fails to appraise for a specified price upon balloon expiration.Find below the 3 single-family seller finance deals that have done so far. 1st Deal breakdown: Purchase price: $330,000 Loan amount: $305,000Monthly payment (P&I): $1,181.55/mo40-year amortization at 3.5% interest rate20-year balloon paymentMarket Rent: $2,100/mo__________________________________________2nd Deal breakdown: Purchase price: $200,000Loan amount: $175,000Monthly payment to seller: $500/mo0% interest rate 7-year balloon Currently rented month-to-month for $1,200.Market rent: $1,750/mo__________________________________________3rd Deal breakdown: Purchase price: $175,000Loan amount: $160,000Monthly payment to seller: $437.50/mo0% interest rate 7-year balloon Currently rented month-to-month for $1,400.Market rent: $1,500/moFeel free to reach out if you have any questions!

A good PM will navigate the local rules of getting them out legally if that’s what needs to be done, or whip them into shape, all without you needing to pay a for attorneys and taking the headache out of your hands.

If you need anything feel free to connect.

cash flow would be tight but you have a great rate. might be best to sell and cash in the tax free capital gains if you qualify and reinvest the money to make more money.