Best Exit Strategies for Seller Financing?

[Austin Faux]

Are there exit strategies that are better suited for seller financing?  For example could you buy, fix, sell a home on seller financing?  Could you get into some legal trouble if you try bulldozing a home on seller financing?

[Jesse T.]

A property requiring significant renovation might be a candidate for seller financing, followed with post renovation traditional financing.  However a deal should work on it's own with normal financing.  Seller financing is best when it can be a win/win scenario - for example the seller would prefer the income over the normal lump sum payment from selling property.

Ideally you would have the cash to pay for a tear-down and demolition.  I think it would be hard to get a construction loan if you don't own the land free and clear.