However, now that you have once again prompted my curiosity there seems to be some information here: https://www.ecfr.gov/cgi-bin/text-idx?

Thanks for the prompt response.

They answered all my questions promptly and very clearly. 

In this market/climate with people struggling to get work done even on their own homes, is it even a realistic option to come in fresh as a small fish, find a contractor, and get work done promptly?

@Casey J Burkhead, thank you very much for your prompt response.

I'd advise finding an agent and closing attorney that have experience with seller financing to get their insights and assistance.Being new, I assume you heard seller financing can allow you to get better deals which prompted your question.

Thats what prompted my question - to follow the 70%ARV formula I would have to make some pretty low offers.Just some background on me: I bought my latest project from a preforclosure company and made decent money on it but less than what they made on it and I'm pretty sure I did a lot more work (40K rehab) than they did.

If the other offer beats you and you get a notice, quickly resubmit a bid and you will prompt another multiple offer round.

What prompted you to take action?

I'd almost interview a bunch of agents and pick one who works closely in an area you like and is willing to give you market info in a relatively prompt manner.