There is never a perfect time to do any type of investing, but taking a measured approach, you can protect your self from risk.  

There's tons of information available on the forum about how to approach and structure seller financing deals so I recommend looking into that.

So far, I'm thinking inspection contingency, attorney contract review and acceptance, review of leases, financing contingency, estoppel agreements to prove the ownership of appliances and the status of deposits (many deposits on file are far lower than the monthly rents and sellers in Ohio regularly lie about who owns appliances and what the actual deposits on file are), unless there is a better way to approach this?

Good Morning,I was hoping you guys could help me with my approach here.

It seems like this approach has several benefits, including the basic idea that my tenants will simultaneously be paying down my car and my house for me at the same time.  

My issue with this is that they do not go out and pickup after them regularly (maybe once a week) and they approach my children when we step outside our door.

I guess I'm looking for advice on how to approach this and how to proceed. 

I know these are very rough numbers but from a back of the napkin approach I would do better to move this equity somewhere else, right?

The appraiser used gross rent multiplier of 80 and brought the income approach in at $204,000. 

Bought Two Houses on the same street and the homeowner approached me and my business partner to see if we would buy it.