and, something that doesn't get discussed enough - a record number of properties don't have any debts on them. 

Typically you will close sooner than 30 days, but this way if there are any issues or anything that slows down the closing, you have some additional time to close still.

I paid him half and half went to the debt. 

If I were to do a traditional VA loan, the loan would be close to 7%.Below are what I understand to be the numbers so far:Seller purchased the property in DEC 2022 for $1.13M (owned for 2yrs)Current estimates are Zillow= $1.26M/  Redfin=$1.323MOur agreed purchase price is $1.25MSeller financing would be $120k @ 8% for 3yrs.No commission cost.Small percentage of fees/ costs in the tune of 1.5% of loan amount.Let me know what you think and if you need any additional info.

If you have large debt with a high interest rate, I would consider paying that off before getting started investing in real estate. 

If you currently rent for $2,500 and take the $1,750; you have additional positive cash flow of $750 for your rent situation.Have you thoroughly looked over the capex potential issues? 

Quote from @Zach Howard: Quote from @V.G Jason: Quote from @Zach Howard: @V.G JasonTo someone just starting out (only option of OOS) who can get access to 200k, but no additional financing at this time but an additional 50-100k max in reserve cash, where might you recommend they start - markets/property type/strategy?

Key Check gave me credit and debt load, which was surprising, as most other methods people don't share.

Eliminate debt, establish a budget, and save.

In addition, Pace Morby's team could have systems in place to vet the deals for which loans are sought.