Bank pushed us to 40% down payment so also executed a $85K seller carry-back loan to cross the finish line.

The maximum fixed-rate period seems to be seven years, and there is generally a balloon payment at 10 or 15 years.

you may have to save up until you have enough money to do so - down payment, closing costs, reserves, etc.House Hacking: What Is It, How to Start, and Strategies for Successit's a more powerful way to get started. 

I financed this property using down payment funds from 403B and a local commercial bank.

all materials, all labor costs to others, Not you, utilities, interest payments, permits, licenses, auto/truck expenses, tools needed are all deductable. 

I jumped into real estate doing the BRRRR method, understanding that holding property will allow me to build generational wealth, but then learning that landlord income is not the best way to feed your family.

But my down payment 3 years ago is only 10% of the total price $42K.

Was looking to save where possible in this market but the method I proposed is not worth the consequences. looks like 20% down it is!

I’ve done some research and have found that some banks will allow the seller finance portion from the seller to go towards the down payment of the loan, is that true?

I had specifically asked for numbers including mortgage payments and they emailed to me.