The biggest problem I see with seller financing is the cost of repairs (as well as holding, selling, etc.)

Which may also be a reason to hold on to your current place (appreciation).Second, have you been in your primary at least two years.

I wouldn't have any interest in buying something like this to hold since it would be so far negative cash flow wise on a monthly basis.

The other parts can be pretty much learned from reading or watching videos.   

Never put all your eggs in one basketread the PPM and documents and have an attorney review understand what your investing in, fees and hold Timeunderatand their track record a lot more to consider those are just a few 

My first one for a while was indicating he was going to catch me in RE value and his projectory was that he would, but his last transaction was not a hold. 

(insurance kills) Hey Alex, does this still hold true about minimum 20% down for dscrs

Amarillo hold em poker room.The other thing to consider is what is the exit strategy. 

The larger the purchase price the greater the spread you need between purchase price plus holding costs plus rehab cost and ARV.  40k projected profit on a 600k project is too skinny for me. 

I could probably hold off on the basement flooring, though.