So, seller financing is much more involved than conventional loan originations, conventional is a cake walk.I had one loan officer in my mortgage operation that had about 20 years of consumer, residential and commercial lending experience, he had free reign as to submissions and approving loans at a loan approval level.

Don't put that into the numbers but let it be the icing on the cake.

Nothing like setting your goals then beating them by $50/month It doesn't seem like a lot but I mean its just icing on the cake and lets you build up to purchase your next one just that much faster.

I mean if the deal works out to be a great one, the lender gets a great return, and the collateral is worth more than the borrowed amount (i.e loan is 80k on a 100k), isn't the recourse just icing on the cake for the lender.The confession of judgement sounds like a good way to convince someone that you will do the best to make the payments, but as you borrow more & more from that PML and others won't you have a huge liability threat if one home goes bad?

After all; that is how and why those homes were built originally.But with the government focused on the icing and ignoring the cake and spending someone else's money - and very likely pimping the work to rapacious contractor 'friends' of theirs - here we are.

So, we did ALL the cosmetic work inside and out, HWF on first floor all sanded and refinfished and all new NICE carpet in the rest of the house, everything painted inside and out, all new light fixtures because former owners took every one but left the 2 drawer fancy dishwasher that no longer worked at all and the expensive brand drop in range that still worked I think, but was so unbelievably beat up and totally caked and coated with grease that we just scrapped it and replaced it with a new one!

Although, in all markets I will likely surpass my estimated assumption of 5% appreciation per year, that's just icing on the cake. 

It's what they call "icing on the cake".http://www.biggerpockets.com/real-estate-investingYou asked about subject-to, this may be a great niche for you in the competitive SoCal market, I would strongly encourage you to learn more about it.  

But perhaps you can't have your cake and eat it to.  

I mean a mortgage that small would be a piece of cake to pay.