Even better to find a fellow investor that is a realtor too.

Aloha fellow investors! 

If they are month to month, you can give them a notice that they'll have to move out by X date, in which case you could then go in and rehab and rent the properties out at a higher rate.  

The previous owner had some lease agreements in place, but they were 35+ pages long and a little out of date.

@Tomas CastanoHi, I see you are a fellow warrior.

They will have the most accurate and up-to-date info on each neighborhood.

I was able to send them a receipt showing the date and company who cleaned the carpet.

But regardless of where you decide to start your search find a fellow investor that is a realtor like myself that knows the great areas to invest in.

There is nothing different about a contract with seller financing other than the section regarding purchase price and financing.Here's a basic provision:Seller agrees to hold a purchase money deed of trust and note secured by the property in the amount of $x at a fixed annual interest rate of y% payable in equal monthly installments of $z... with the full unpaid balance due, if not sooner paid, on [date of balloon payment, if applicable]

We re-set the sale date and the borrower filed a third BK a couple of weeks before the sale.