But for the loan to value in your situation, they might decide to use the purchase price as opposed to the appraisal value.

A good indicator is how much they listen as oppose to how much they talk.

I think you could find the same/better returns with another investment or approach as opposed to seller financing however.

I'm looking forward to new adventures in RE investing.I have decided to step into the investing arena, as opposed to being a "traditional" sales agent.

Contrary to popular belief, being labeled a "dealer" doesn't mean that all your properties are subject to ordinary income; likewise, not being labeled a dealer doesn't mean that all of your properties are subject to capital gains.Each property will need to stand on its own merits, and the determination of whether a particular property should be taxed as ordinary income or capital gains will be made based on the intent of the transaction, not a "dealer" label applied to a business or individual.That said, if you are labeled a "dealer," you may find that you have a higher bar set for declaring one of your properties to be an investment as opposed to inventory.

I guess this conversation has steered more into a debate of the 40/50% rule as opposed to market value and cash flow (although they are intertwined).

Selling the house shouldn't be an issue; but, I know if I put in 10k I could get 300k as opposed to 250k if I do nothing.However my VA lender is nervous about me acquiring a HELOC loan before I close.

This is opposed to trying to unwind the second buyer's sale.

I'm not opposed to that, I prefer it actually, its just the cost that I'm concerned about especially considering this is my first property.

My only tie-down to WA State being that I know the neighborhoods, have persons who can view the properties on my behalf & a reliable contractor in place for rehab.That being said, I'm in about 4-5 US cities every few weeks and am not opposed to researching out of State properties.