From there leverage your remaining $70k for entry in a distressed multi-family asset.

And use the remaining as a down payment on something that cash flows. 

Loan Term and AmortizationCommon Term Lengths: Loan terms for seller financing vary but often range from 15 to 30 years to keep payments affordable for the buyer.Balloon Payment: Many seller-financed deals include a balloon payment due in 5 to 10 years, at which point the buyer would need to refinance or pay off the remaining balance.

In this case, it is not.It's about intelligence and data, not "patience and Persistence".If you need to "follow up" on people, it means you are not reaching motivated sellers.

Message me on BP and we can set something up.Original BP post (check it out to see how much of a dream this was for me 9 months ago): https://www.biggerpockets.com/forums/55/topics/1162005-first...Best, RyanOn a side note, if anyone's looking for a young, motivated, and incredibly knowledgeable agent in Grand Rapids and the surrounding areas, let me know and I'd be happy to connect you. 

I need someone who is motivated to generate direct bookings, especially since my property is themed, and Airbnb doesn't do a great job of marketing the theme. 

Learn about Form 1003 and if you are really motivated, learn the Fannie Mae underwriting requirements, specifically Part B. 

@Renee Potoczny @Anthony Wick @George Pauley Update:  I requested that she furnish proof from her bank showing that the funds were available and remained sufficient through the processing period. 

My unique approach combines deep market analysis with a strong network of motivated sellers, ensuring you access the best deals before they hit the mainstream market.I’d love to know more about your target market areas and buying formula.

For interest only, it’s a 40 years term. first 10 years would be IO, then it would amortize over the remaining 30 years.