They talk about this but I want anybody reading this to remember that Roth is not subject to RMD. 4.

Then, if still going to do it, write a policy which only allows the types of businesses you want subject to approval by insurance and bank.

Owner Financing Offer ( What you are showing them )Sale Price: $350,000Down payment: $20,000Seller-financed note: $330,000 @ 3% for 30 yearsBalloon payoff: Year 8Day 1:$20,000 (immediate cash)Monthly Payments:$1,392.97 × 96 months = $133,725 received over 8 yearsInterest portion ≈ $71,150 profitPrincipal = $62,575Balloon Payment (Year 8):Remaining balance ≈ $267,425Total cash to seller : $421,150 Net after estimated seller costs and capital gains: closing cost estimate: $5200 and cap gains: $35,787  Seller nets : $380,163Caveat:  This is also assuming he isn't trying to 1031 the subject property.Say you successfully build rapport and identify why seller is selling and say they all align, here is how I would frame it exactly:" if you sell the traditional way, you walk away with about $350k once the agent, closing costs and taxes are done and on the lender's timeline.

They’re also permitted in multifamily residential districts and in commercial districts / areas if there is a previously approved residential dwelling unit, subject to the permit. 

Of course by then I or someone else not living in outer space has already purchased, repositioned and resold the subject property.

Keep it simple: outline the deal, timeline, and how they’re protected.When it comes to contractors, I’ve found these steps help a ton:Always get 2–3 bids and compare line by line.Pay in small, progress-based draws (never 50% upfront).Put everything in writing: scope, timeline, and penalties if they delay.Walk the property regularly and keep documentation (photos, receipts, updates).Starting out, it’s less about being perfect and more about having systems to protect yourself.

When parents with federal tax liens die, "the interest that the children receive in the property is subject to that FTL and the lien must be paid when the property is sold."

Here is an article about the subject.

In your case, there are a lot of details that need to be known, such as:-Do you have the mandatory 7-day grace period before rent is late, outlined in your lease?

Once you have the contractor picked and the final numbers, thats when you can get a "subject to" appraisal, which appraises what the property will be worth after the work stated on the scope of work is complete.