Thanks, Christian!

Thanks @Tom S.This will not be a traditional mortgage, it is a business loan and due to the debt coverage ratio they are ok with a second mortgage as long as they remain in first position.I closed on 3 units with the same lender on the 1st of October this year with my own capital. 

I prefer that the seller does not go through the traditional process in order to save costs, fees and commissions and pass those savings on to me through a lower purchase price. 

But one question I have --- did you parents have a traditional IRA or a Roth IRA?

In addition, it can be of great value with a hard-to-sell home, like on a busy street corner or backing to a shopping mall or something as it will attract buyers who may not qualify for traditional financing so they may be more willing to purchase at seller's price if seller finances.   

If the HML doesn't report to credit bureaus can you use the HML and do delayed financing (without the traditional seasoning)? 

I am  wondering if there are any banks or hard money lenders in the MIlwaukee, Kenosha, Racine area that would do a cross collateral loan and if there fees and terms would be more economical than the traditional route.

@Brian Garrett traditional financing takes to long for most wholesale deals. 

I wanted to clarify by "conventional" I was referring to traditional lenders vs. creative financing. 

“Yes, I have a small Traditional IRA with Janus.”