Posted by Scott on July 18, 2003 at 22:58:46:
thanks for the responses. I’ve got a good friend I play tennis with who is a real estate attorney. I plan on asking him about specific laws. A commercial lender at a local bank who is a real estate investor on the side suggested this to me. He claims he’s done it on over a dozen houses he’s purchased. He also says that on a land contract you can have the people out in 30 days if they default on the payments as opposed to 90 days on renters. I hope all goes well.