If you do it correctly and have the correct paperwork its a great way to buy property with little or no money down.Seller financing is the "Seller" acting as the bank with their equity and loaning the buyer that amount of money for a negotiated period of time. 

hi guys,I have saved a 20% downpayment a property but struggling to save the remaining 65K for fixing the property up.Example, the property cost 150K, I saved up 35k, but struggling to save up an additional 65K to do the rehab (my understanding the lender will not give me the rehab money right away, I have to pay my own money to start rehabbing and the lender then will reimburse me in stages the rehab portion)Correct?

I mistakenly posted this in the classified section and wanted to repost in the correct location.

Also, I don’t believe that their management has any direct equity (correct me if I’m wrong).

Investor buys in  market with the correct fundamentals and experiences a sudden and significant appreciation bump. 

you are correct!

Many attorneys charge a consultation fee that will be credited to my bill if I continue to work with them but I don’t want to pay for various consultation fees unless I know for sure that I have contacted the correct attorney.

You're correct on that.

Is this process pretty self explanatory if I just follow the correct steps? 

Is that correct?