He had agreed to give us the purchase price of the lot which was $160,000 plus $40,000 in working capital to float the deal.

My issue comes on them stating we have to be the ones to float funds when if they feel compelled to help people they should take the financial risk.  

It should float your boat and get you hip to all the key terms of the REI numbers.Glad to have you on the site!

Ill be blunt, If I had a property listed for $140k and someone floated in an offer of $75k your not going to even get a response from me, than again sellers can afford to be arrogant at the moment. 

How do we qualify assuming 1 income can't float 2 mortgages (in the lenders eyes anyway)?

I can afford to leave a little money in the deal and I can also aford to float the mortgage should I have a collections issue. 

I'm already set on Luxury Vinyl Plank, just a matter of floating or glued-down and if anyone has any specific suggestions. 

Initial 5yr rate, max rate increase per year after that, max increase over the life, method for computing the floating rate, amt of bank fees charged, etc.

I can bid on them for myself and wholesale them as long I don't float funds in the closing or I can bid on them as a buyer's agent. 

I also consoled myself that if the renter fell through, or the deal went south, I know I can float the mortgage on my own and it won't even be too difficult to just pay the whole thing off if needed.Bottom line, all things being what they are, I felt comfortable enough with the numbers and the system that it didn't seem like much of a risk.