Bought it under market price.

-House was not in a trust- as I understand we will need to pay taxes on gains (parents bought it for about 12k in 1969, zillow says about 150k today)-House is not MLS-ready. 

We have been discussing options on how to move forward.

This reduces exit options and affects the value.  10) Small number of small units is the most expensive residential development there is.  

I find that these agreements spell out duties and responsibilities without relinquishing any security for the investor and they can spell out any number of options when things go wrong.

You will then have a few options with that rent money....you can put it into principal or you can start saving it to purchase yet another property.

if they stopped paying you would foreclose (depending on state laws.)i have bought on seller finance, and i think it's a great option for sellers / investors looking to end / exit their careers. 

I finally took the plunge and bought my first rental investment property.

Use the find a lender option here on BP.

It's an out of state property, so going to check it out for myself isn't a viable option.