Because in addition to the less stringent seasoning requirements, a lot of these local banks will allow you to put the loan under an LLC name, and you give an unlimited personal guarantee (also known as a contingent liability). 

Hi BP,The scope of knowledge I think are essential for me to get my first deal is narrowing and thank you very much for contributing to that. Right now I am looking at houses in pre-foreclosure (and in general) and ne...

Measure the wall and buy the biggest TV that will fit and get the most channels.

How would you measure/analyze that deal i.e. what factors would make it a winner for you and make you pull the trigger?"

The impact is close to not measurable of home ownership.The average income families will benefit somewhat. 

With the traditional financing it is more stringent and is really based off you as the borrower.

This is probably a more complicated measure of seller financing because the real estate can be destroyed and the buyer would back out or the assets would appreciate significantly and the seller would request more money.In the above case - I guess the buyer could buy the rights to the income from the seller until he brought out 100% of the LLC.50 is still a young age - I was thinking they would benefit from deferring the gain as a result of inheritance and getting a step up of basis for their heirs.Sorry if I misunderstood your LLC scenario.

FHA appraisals are a bit more stringent compared to a conventional loan appraisal.

I would first define what goals you want and what metrics you want to measure.

How would you measure/analyze that deal i.e. what factors would make it a winner for you and make you pull the trigger?"