Seller Financing Note over 5-10 years

[Alex Buffone]

I recently was brought a deal in the same location as two other properties I have near a major university. The seller needs to sell her house (divorce) and is willing to hold a note for a part of the purchase price. 

She has about $100k on her mortgage and needs that paid off, the rest would be seller finance, a large bank is willing to finance the 100k. The purchase price is slightly higher than I would like to go (~25k), but the deal would make sense in the short term, if she holds a note at a low rate and long term when rates drop again I can refinance. 

My concern is where the economy and real estate will be in 5-10 years. It is enough time to see rates drop for example, but will banks be stricter with mortgages, will rates fall. I believe we still will go into a recession in the near future. Let me know your thoughts, would be greatly appreciated!