First Mobile Home Prospect

[Chris Mackinlay]

I am looking at buying a mobile home here in the area and owner financing it to someone else...

As I think about it, I have a difficult time conceptualizing the paper trails. I know I need a Promissory Note, a Truth in Lending Statement, and the Purchase Agreement. Who gets these documents once they are signed? Which ones need to be notarized?

This is the first kind of "real" investing I have tried, what happens if my buyer doesn't pay me. I know it sounds like a juvenile question, but I really do not have the experience to drawn from.

Thanks in advance!