This would be conventional financing.The check for the profit is sent to my dad, he takes his 75k out, and I would like to use that remaining money for the rehab.

Trying to find good inventory there is the challenge I am facing.

Check out the inventory chart: Dropping back under 2mnths supply....Rent's are gonna be on another crazy bull-run come spring...... 

HI @Theo SengOne of the main reasons someone would be looking to seller financing is if they cannot qualify for a general conventional/FHA loan & they want to get into a house.

Conventional 30-year loan, 20% down.

With conventional mortgage rates hovering around 7% for 30 years… cash flow basically happens at 6.5% cap rate and above.

We were trying to get a conventional loan through Guild Mortgage, but yesterday I received the email that we didn't qualify due to the PMI they quoted us being an extra $2000 per month.

Conventional loan.

Let’s break down these processes step by step for clarity.Part 1: Forms 1098 from Private Lenders to InvestorsForms 1098 from Conventional Mortgage Lenders: Traditional mortgage lenders provide Form 1098, detailing the interest paid on mortgages.

Craig  , if you have money saved try a conventional loan ,20% down    or if you have equity in your house , try a cash out loan  , either way  you can have cash to get started  , then do alot of research  in your area , rents  , comps on house for sale  , contractors  , rehab costs    , good luck  !