I have no fear of unpermitted properties whatsoever.

How do I cut my teeth on investing while learning in my own back yard?

Increasing the amortization also just violates all kinds of prudent practices, your property could depreciate faster than the loan would be reduced placing the borrower underwater, tax issues would likely arise (deferring principal) an ongoing interest expense and in an installment sale, which is what seller financing is, probably wouldn't come close to being seeing at arm's length, valid or as a legit transaction. 50 years is just as silly.There are conventional loans at 40 years and those are rare as hen's teeth and were more of an experiment to making homeownership affordable.

I have no money, no connections, and no knowledge of real estate investing WHATSOEVER.

(regular tenants do not want to have to deal with that).A sticky subject I get asked on my commercial listings is tenant base.Meaning race and profile of the tenant.I can't comment on that because of fair housing laws but they can generally see from the names and go from there.Just like people that tip at a restaurant it is a given that certain types on average give zero to a small tip.The same can be said for a certain tenant demographic that can be real demanding yet you have to pull teeth to get money from them.I am not saying all are that way.Just saying with percentages it's often more the case than not.So while it is a TABOO topic it is looked at in a buying transaction.

I have no affiliation with them whatsoever.

Time to show him some teeth!

If fact, they could unwind your entire retirement account by charging interest and penalties so onerous that they would likely wipe it out.You cannot “top off loans” with your own money when necessary, nor personally partner with your retirement account whatsoever.

Michael,You could fire your dentist and buy a pair of pliers to pull your own teeth too!

That will give you the ability to cut your teeth in this business.