@Joel Knutson Traditional FHA financing would still be available to you I believe (the mortgage pros can confirm that) so I can't see how you would ever have trouble selling because of that. 

If you're talking a coastal SoCal duplex, the answer is probably no...it will probably not be cash flow positive (assuming a mortgage on the property).In addition to looking at non-traditional types of property, there are also some lesser populated areas of SoCal. 

I know how to do this with SFH residential by going through wholesalers, but that doesn't work with commercial.The only channels I know are traditional retail listings like LoopNet.

Otherwise, non-medical HSA distributions are treated like Traditional IRA distributions in that they are taxed at the earned income rate.I'm not a tax specialist.

I think we will just try to rent it the more traditional route as a yearly or monthly lease.

BPers,We have traditionally done a good job of staying on budget and on time with our flips, but our last couple of projects have definitely pushed us to a point where we need to implement some new strategies to improve our model.

Seller will carry the note. 4.5% on a 20 year amortization with a 5 year balloon, at which point I should have at least 20% equity and can seek traditional financing.

The child would then take out a traditional mortgage from a bank to take hold of the property themselves and paying the syndicate back + interest.  

Since I just purchased my first (a 4 unit building) only 1 year ago through a traditional bank loan I am looking for other financing avenues on this one as to avoid the red tape and possible decline from the bank. 

If I want to make a formal offer and ask for seller financing do I use the traditional purchase and sale agreement or do I need an attorney to draft specific paperwork with my term?