Which I underst but we was living rent free,carnote free that was all in my plans to continue to save to buy rentals.but eventually the rant got the best of me an so on dec 24 we closed on an property that is our home now that we got for 108k the idea of seeing my wife an kids happy was great but I cried down inside of the idea that the 9k I will be spending an year now on mortgage could have been put into the REI account but the family got the best of me.The propety at 15k is now rented for 565$ an month I have tenants an have received 2 rent checks so fair an the feeling is great.

Licensing is a component that may be required of a seller, if the regulatory body in their state deems them to be "habitually" providing seller financed mortgages.Here is some comments on the topics put out by NAR...their conclusions and opinions are just that...their conclusions and opinions.SAFE Act Final Rule: Seller Financing and REOs The SAFE Act requires licensing of loan originators under state laws that meet minimum federal requirements.

At a minimum, I think the risk of recession in the next 2 years has been understated by many, including the Fed.

@Alex Yaro  I personally believe your cost are understated.. first off very common in these markets and price points to have turn over yearly or almost every year.. and you will have a lease fee. 

b) Your expenses seem understated to me.  

If they can get the velocity of money to increase, producing price inflation, I think they'll understate the CPI so they don't have to raise interest rates.  

Also the back deck needs to be treated, drainage lines fixed, and some minor landscaping (which I will do myself.The more I've dug into the number I agree the rehab is understated.

I really can't understate the importance of finding out what the tenants intentions and plans are.

All owners should be concerned about you going into receivership under state laws!

I'd be sure those rental income numbers are correct and not understated