I've never structured seller financing.I've thought of a near full price offer with interest only for 5 years (a little gamble that rents will continue to rise and values will at least stay steady) or the financing and paying them $225ish.The owner said my proforma seemed faulty accurate (I lose $206 monthly after moving and fully renting) so there needs to be wiggle room for win-win here.Asking the BP universe: what offer methods and tactics have you found to be most successful?

I got a wife and 2 kids, I don't think that gamble is for me... thanks for the quick reply 

All we know is now, and everything else is a gamble, so if you can afford to cash out refi now, now is a good time.

I'm sure there's a more accurate number but I don't care to put that much thought into it.

Is this accurate and is there a way to re-gain this interest deduction?

This is way more effective than trying to memorize the entire book on your own (note: the state administers the test so the instructor won't know exactly what's on the test, but I'd say he was pretty accurate in pointing out what was eventually on it. 

If Chase owns it, Chase owns it, not "FHA" or "VA" and no,  the "Option of giving a property back to FHA or VA" is not an accurate statement.

I guess the issue is that my mortgage company didn't provide an accurate initial rate, reran the numbers yesterday and realized they were way low at this point. 

If the NOI from the Seller of $92,000 is accurate and the average cap rate for the area is 6-8% that means that the property is worth between $1,150,000 (8%) and $1,533,330 (6%).

Many FSBOs will pay commission to a buyer's agent, but that's negotiable.Your Realtor will also be able to give you fairly accurate comps for potential rental income.