I've purchased numerous homes on seller financing around 4% rate and 15 year balloons, amortized over 30 years.I guess it depends on the seller's personal situation...

Apparently, the Ohio Manufactured Housing Association also responded, which I was unaware of.The link I list below leads to a website where numerous responses are summarized.http://www.gismedia.com/newsletter_august.pdf

It seems that their general consensus on real estate investing is to buy distressed properties, rehab and flip them, only holding and leasing them in some cases (I do plan on purchasing only distressed properties, unless an amazing turnkey opportunity presents itself) The way I see it is, in the short term, flipping is going to make you money a lot quicker, but, being so young and acquiring numerous property's at a young age, holding/renting and having them paid off by the time I turn 36-38 (if the plan doesn't deviate too much) is going to allow for a huge cash flow, help me to build my portfolio even greater and allow me to invest heavily in commercial real estate.

There could be numerous other reasons.  

Even this statement makes it seem as though you would be walking into one of those "made for T.V. movies" like "Death Wish".  

I've read numerous blogs, listened to numerous podcasts and read the recommended books and I'll be perfectly honest...my brain is on information overload.

The more you read, learn from the forums, and listen to BP podcasts, the more realistic the idea of buying numerous properties in 1 year will sound.

I am very inexperience with the exception of the numerous books read but has decided this is something I would live to pursue.

But there are numerous things that can prevent it from going FHA without the seller fixing it in advance or you going 203K.Your mortgage broker is like your realtor.  

The type of finance found in "It's A Wonderful Life", you know the holiday movie.