@Frederico Nasol I help investors throughout the entire country.

Your friend pays back the loan to the lender (father-in-law) with or without interest, with or with out principle, total amount due on an agreed upon date (probably upon sale).

Knock on wood I haven't heard anymore (I feel bad for my mason, I know he did the work right) but my attorney is aware and ready if anything ever comes of it.I agree, some people need to accept being adults and dealing with house repairs, when owning a home.

Not listing the property has advantages: Start with no down payment and no interest, work your way up to a certain degree, if necessary.Never pay more than 5% down of agreed price.Interest is not advisable since the owner has to pay taxes on that income and just makes the deal less attractive.No realtor commissions.Immediate cash flow for both parties.No banks involved.Speed. 

I would suggest searching up your local Country Sheriff Sale (aka auction). 

I agree, HomeLine (https://homelinemn.org/speeches-trainings/landlord...) class for $50 was good educational investment.

I completely agree with you.  

I agree that finding a good deal may take time.  

At it's simplest form a contract is just an formalized agreement that articulates what you and someone else agree to. 

I 100% agree with this.