I was upfront with my LO about this and they said anything that’s paid in the same 30 days is considered “on time” which he only made 7 months of on time payments… how screwed am I? 

So, again, it just takes a good LO, and a plan.

HOW MUCG OF A DOWN PAYMENT SHOULD I OFFER A SELLER ON THE PROPERTY FOR L/O AND WHEN WOULD I HAVE TO PROVIDE THAT TO THEM.

Also learn about HOW to finance your people out of LO's.

Getting in between(sandwiching) the buyer and seller on LO's, seller financing and sub2's can lead to issues down the road.

Then one Saturday, he was in a hurry as he had other plans that evening so he rushed his yard work, and lo and behold, when he pulled the mower backwards to make a turn, he ran over his own foot. 

I agreed with what you're saying as well and it is hard to find lenders that do these loans and it's also hard to find quality LO's that know how to structure these loans as well. 

Jon, it seems like a good idea, I have a house that I am trying to L/O right now and have been thinking of new ideas that would work.

(my mentor/captin currently has a few rental properties, he's wholesaled, reahabbed and resold) so i planned to call the guy monday with the offer but i got little busy at work and and besides i was was hesitant anyway b/c i thought i screwed up and i just didn't think he would go that low. so this morning i had a meeting with a guy from realnet usa, they loan money to investers, buy/sell properties etc. and during the meeting the gentleman hands me a list of available properties he currently has on contract and lo and behold at the bottom of the list is the very property i vistied this weekend. they're selling for 52k with a 95k ARV with estimated rehab @ 15k. i didn't say anything i played it cool and finished the meeting, we exchange info and i went on my way. once i got outside i beat myself up pretty bad(mentally of course) for not going with my gut feeling but again i was hesitant b/c i've never done this before and that was actually my very 1st time meeting with a seller and feeling good about a particular property. all others i looked at did not seem good for me @ the time. i called my wife vented and got back to work and called my mentor/captin but havent talked to him yet. and even called the invester who originally showed me the property ( i didn't mention anything) i just gave him some info he requested and told him to keep calling me when he has properties available and he gave me one right away and asked could i go out to check it out. i guess i wrote all this to say first off i'm a little discourage, not enough to ever quit of course but enough to feel like a total moron and second.... i don't know i just would like some feedback. sorry for the long read guys and gals :violin: but i must admit i feel a tad bit better now. thanx!!

I worked as an assistant to a Realtor/LO.