Thank you for this post and all the great advices and insightful comments.I’ve only done a few flips since I focus more on BRRRRs and value-add for my rental portfolio.

The major pros that I note is a 1% downpayment with no PMI. any insight would be greatly appreciated. 

Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.

I strongly suggest you talk it over with experts who specialize in Memphis.

Just take it one step at a time, and don’t hesitate to reach out if you need more insight into the Memphis market. 

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.

Hello JC,I am not an expert in DC specific zoning but I have a lot of experience with the zoning code in Charlottesville VA. 

Any insight would be greatly appreciated. 

You can get more insights from other brokers that way you have more open spaces and still hold on to the power. 

Does any one have any experience or insight to this topic?