What I am hearing is you will need to rely on  some properties to carry others.

If they are the one providing most of the cash, they might not want to carry that liability, but you've already negotiated with your partners on this and then the bank isn't cool with it, you could be in a pickle.

I'd like a Seller carried note to cover the down payment for my hard money loan. 

What kind of insurance do you carry? 

Secondary financing is generally permitted, and the realities of the marketplace usually require the seller to carry financing for most buyers.

If I can get around this situation, it would be worth carrying some costs for a couple months but if eviction prolongs, a good deal will go bad quick.

I always carried high deductibles and insurance was more about catastrophic events.   

Like scrubbing baseboards, nooks and crannies, behind the fridge, stove, etc. 

I refinanced it into a  5% 30-year mortgage with a local bank as the seller would only carry the loan for a year.

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