I would suggest you getting on mailing lists of seller carry back notes and then market to those folks directly I get letters all the time on my seller carry backs that I do.

I do have some balloon notes on a few properties, and I’m wondering if banks might see refinancing as risky since my primary income now comes from my rentals? 

The maximum fixed-rate period seems to be seven years, and there is generally a balloon payment at 10 or 15 years.

If its owner occupied I would do a 5 year balloon (amortized 15-30 years). 

I want to create a fund that will allow me to purchase distressed homes, fix them up, and sell with owner financing (possibly including a 5 year balloon so as to be able to recapitalize periodically and give investors a shorter horizon).

The monthly payment is only ~$720 and the interest rate is fixed at 8% fully amortized with no balloon. 

I financed this property using down payment funds from 403B and a local commercial bank. 15% down from personal funds. 85% down from community commercial bank. 3yr balloon, 20yr amortization, 7% interest rate.

The loan will be interest only for about 12 months (up to 18-24, but 12 is common) with a balloon due at the end.

As already mentioned, you could sell via seller financing to lower AGI, as all you would have to claim is the payment income - until balloon payment received.Did know an investor that had 14 properties paid off and he moved into one every two years to then sell with the $250k single exemption.

Seller will be taking a 30k+ loss with this route.325k with 50K down to seller, 3 years of payments $1600/month, and a balloon payment of 215k at the end of 3 years.Benefits to me: (1) 10k less downpayment, (2) with the conventional route, the loan would be at 228k after 3 years of payments, so I will gain additional equity with the 2nd option since I will owe 215k (presumably I will have to refinance at that time).Benefit to seller: she gets over asking price, 50K upfront and $300/month of cash flow.Does this offer and structure sound reasonable?