Quote from @Garrett Jennings: I wanted to check on the forums before I consider using this as a strategy.  

I would take the money they offer and move on.

You subject yourself to a lot of risk on DIY.   

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

I would like to learn more about seller financing, I see a lot of information on the internet about seller financing but honestly I am just confused.

Answer sure.. have to check if there is a due on sale clause or if you have a PG to the orignal seller.. that mortgage stays in your name unless there is a formal assumption  Maybe the example is more challenging for a house as the property.Ex. with vacant land - seller finances to me $20k with 5% down and $1k/moCan I after 1-2 months, then resell the land to a cash buyer for $25k, pay off the original $20k and pocket the $5k?

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

Life goes on. 

Quote from @Zach Howard: Quote from @Jonathan Greene: If you are looking at properties in the US only on Zillow, and not seeing them in person (I know you are in Hong Kong), this is just an effort in futility because you can't underwrite single-family or small multifamily deals only online.

Most banks won't want to come in with a line of credit that is second lien on the property.