I know the due on sale clause is unlikely to be called by the bank, but don't want to sell with even a small mortgage balance left.Seller finance is to lessen the cap gain/depr recap tax hit.

Jerry, multi-families small balance loans mainly and financing that makes sense below 7% with longer terms as we buy and hold. 

Not knowing your background in residential, typically if you get into $1mm+ loan balances, you can find non-recourse Fannie or Freddie loans.Like anything, there is risk in investing in something new.

Balancing space and amenities is key, and investing in high-quality finishes can justify premium rental rates.

heres whati got froma recent e-renter screen. propspective tenant got a notification that they failed and called me asking why as her credit score is apparently above 630Credit CheckYour applicant does not meet your minimum criteria at this time.6Total Trade Accounts$5,xxx.00Current Balance Reported on All Accounts2Total Negative Trade Accounts$1,xxx.00Past Due Reported on All Accounts0Negative Accounts in Collection$0.00Total Monthly Payments0Disregarded School/Medical LoansLatest Delinquent Payment (if reported)Top Risk Factors Affecting GradeSerious delinquency, and public record or collection filedTime since delinquency is too recent or unknownProportion of balances to credit limits on revolving accounts is too highNumber of accounts with delinquency

@Graham Rider, ultimately there needs to be a balance sheet behind the loan.  

I started doing this a couple of years ahead to reinvest and drain the taxable balance down.

Now, if this coach is going to co-GP your deal, bringing their balance sheet to secure a loan, investor connections to help raise the money, asset management skills, broker connections, etc to actually get a deal done, then maybe that is worth the share of profit, but most guru's I hear about are available for questions you bring to them, and put you through a generic course, typically with market selection information, basic underwriting education, etc.  

Hidden behind the balance between cash flow and ROI for rehab, I also made actual money on what I allocated for maintenance, repairs, management, and reserves, as underwritten because I had 1031 before spending those funds.I have completed eight 1031s since, and have used contractors for capex, with significantly higher returns on the value... mainly because these are now commercial-type loans, not residential.

The successful bidder must be prepared to pay the balance of the purchase price within thirty (30) days after the approval of the sale.