My business partner and I are looking at creative ways to finance and have heard some great episodes on the BP podcast but didn't know if there was anyone who has any must-do's or don'ts in terms of seller financing.Looking to flip a house and was curious if it would make sense to propose seller financing or is that more advantageous on a buy and hold?

I would propose that you purchase an option to buy the property & record it on title.

One of their biggest issues was that they were not on town water and sewer and were going to have to dig a well to service the showering and restroom facilities as well as build s septic system to handle the proposed traffic.

PROPOSAL: If I bring a good deal and I put up the capital would he rehab the property with me for a 50/50 split of the profits.

People jokingly talk about a certain person's proposal to basically give everyone $15k in down payment assistance if they're a first time buyer and not rich, saying that all it's going to do is instantly inflate real estate by $15k across the board.

We proposed using jacks and lifting that part of the wall that was missing its foundation piece. 

If you're new to STRs, I'd suggest starting with something very typical for the area.If you'd like to propose the idea I could give you my thoughts.

I did something similar to what you are proposing.

Short answer: Possibly June of this year for full passage.Long answer: The proposal is going to face some open house/public comment sessions.

-To do what you're proposing requires that you have everything set up in advance of the initial purchase - you need contractors lined up for the rehab, an agent lined up to help you get a tenant, yourself or a property manager lined up to manage the property when it's ready, a bank lined up to do the cash-out refinance, etc.