I've been advised by a local investor to look off market and utilize seller financing as I don't have much capital to work with nor the 2 years of employment records needed for a bank loan.

To invest, choose A/B class neighborhoods, target properties within 15-20 minutes of major hospitals, budget for professional cleaning, and consider financing loans or lines of credit.Good luck!

There you will be asked your criteria and then after answering a few questions you will be matched with 3-5 agents or loan officers in your area.

You pay a little more in interest, but the loans typically pay off quickly, and the interest is negligible. 

Want to learn how to use my  A home loan to build wealth 

Using an FHA loan with a 3.5% down payment allows flexibility in budget planning.

With the sellers, we agreed upon a down payment, a purchase price, a monthly payment with no interest, and a 10 year term loan with a balloon payment due at the end.

You could do a loan with him for $150k. 

I am not sure if an attorney review will help with this, specific, basic level of knowledge.Just like an attorney likely won't call out, from a legal perspective, that you are investing with a sponsor who is 23 yrs old and been a residential loan underwriter for 8 months before trying to piece together a syndication.  

I currently have a 5.5% interest rate on my loan for the 10 unit building.