Also you would not reduce the price because of the interest payment. that is not how it works.3. yes the note could be sold, but at what type of discount and what if the borrower stopped paying.while there are a lot of posts on seller financing, some estimiate less than 1% of all transaction have seller financing and the ones that do are first position only with an average of 30% down payment - most of these are to people who do not have verifiable income.Thinking you will get conventional financing then seller financing will be uphill battle as the conventional lender most likely will not approve a 2nd mortgage for purchase.not trying to dissuade you, just wanted to provide some key insights so you do not spend 1000 hours chasing something that is impossible to find.

We had to evict one and the second didn't pay rent for a year.I switched over to GK Houses which is now Evernest and compared to Zeker, the experience has been quite positive so far.

My last purchase i am up ~$1m working it very part-time over the last 3 years and i have some small (for the equity position, ~3k/month) cash flow.  

All three properties have positive cash flow - not a lot, but I am not losing money.  

And we're still seeing deals here that are positive cash flowing with lots of potential for appreciation.

The seller was willing to do a carryback in the second position and the bank was the primary position.

If I were in your position, I wouldn't worry until proof of the contrary because you should be ok if the business is running well.

If risks feel too high, consider waiting until your live-in flip is complete and your position is stronger.This post does not create a CPA-Client relationship.

Positive is it’s VERY nice.

You can PM me or send me an email which you can find on my profile because BP won't let me post it here in the body of a message.