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!

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Quote from @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!

Yes, Yes and yes. 
It will do all of that and more.
'It's tough to make predictions, especially about the future.'

I've never been right about predicting the future, but I've mad a lot of money by taking action.