If not, you'll need to carry the difference.  

There were several times where we felt like we were going to lose money on this property, but we carried on and were able to finish the house.

The math for me is if one is not a complete loss every 2 years, I make out better.7) That said, I carry liability insurance on each

You may also be thinking of using the money that actually belongs to someone else and buy even more properties with the money while you put yourself in a position to be carrying more than one mortgage yourself.

@Louis SulekBack in the 60s & 70s, I lived in Bellville and Trenton (Carrying Place) and my father lived there during the 80s while he flew out of CFB Trenton.There is enough rotation through the air base, that there should be a firm rental market.

If my closing costs would be reduced if the seller agrees to carry a note in lieu of a traditional mortgage, can I offer a bit extra on the purchase price?

If you can put the deal together and find your buyer the financing through a private money lender or a traditional bank that's easy to work with, that's going to make it much easier for you to sell that property and add value than it would be to do cash-and-carry.

Turnkey properties (along with any single family investments) carry significant tenant and capex risks.

I started out by fixing up and carrying paper on mobiles in 2002. 

Celebrities often carry around well more than the max $10,000 on their person when traveling.