With balloon payment at end of year 2.- Expected renovation costs $1MM.

They likely will be a bid on the 2 year balloon options, too, in 2025. 

We've worked with local banks and been able to finance the three we own without any issues.I don't necessarily know if it's "beginner" investor friendly but you'll learn everything you need in the bootcamp which is the gold standardWe get loans with 3-7 year balloons and 25 year amortization typically

The seller is offering seller financing at 2% interest with a 9-year balloon.

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? 

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

Licensed contractors supply materials and subsequently warranties.Also how would a flipper comply with assembly bill 968 if they supply materials? 

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

Supply will be a Tale of Two Halves: In the multifamily sector, we will see another year of near-record setting supply hit the US.

If it were me as a seller the over asking price ok and down payment but I would make you pay interest only at 8-9% for a year or two with a balloon.