Another downside is you loose on the advantages, of the Federal Tax Code, by not closing in the name of a LLC.

Out of curiosity, do you have any buyers/sellers remorse due to maybe more loose inhibitions?

@Nils Orliczky There is actually an entire industry built around selling houses with tenants in them.It is called "Turnkey" and is one of the most regularly discussed topics here on Bigger Pockets.Some neighborhoods you will loose potential resale value by having a tenant in the house, other neighborhoods you will actually gain resale value by having a tenant in place.

Since it is an old home and some of the plaster is loose, it too needs to be knocked down and replaced with drywall.The paint on these walls may have lead based paint and dropping plaster will create dust.

It's all a numbers game and you have nothing to loose.

You may loose money or break even or maybe even make a little. 

These laws are to give the installment buyer homestead rights, rights of redemption and the opportunity to obtain excess equity secured, as may be applicable.

I just wanted any loose mortar scraped and replaced as there's no real cracking, just some loose mortar here and there.

It was not a plumbing issue but it appears the rubber seal that connects the dishwasher hose to the plumbing pipes had been knocked loose or off and flooded the area and ignored for quite a while, unfortunately there is no cabinet floor and it flooded the subfloor to the kitchen.

Sell the collateral, take your money and any excess goes to the borrower, (there are differences in installment/seller financed notes to the seller who holds the note, after that note is sold, it becomes a cash injected transaction, see an accountant as to the basis and cash equities established).Linda, a RE broker is not a mortgage broker (Cali has origination exemptions, but that doesn't put a RE Broker in the same seat as a mortgage broker in other brokerage activities, IMO).