I was envisioning a two part calculation for the monthly mortgage payment - I see it as a VA loan analogy with no money down but the loan structured with two interest rates (one for the TSP down payment and one for the 30 yr fixed rate mortgage).I guess the real question to ask myself (using your situation as the model, assuming positive cash flow once TSP is repaid) is whether I am okay tolerating the potential 60 months of negative cash flow to get to the positive cash flow after 5 years.- Maybe if it gets the deal going and leads to a cash out refinance before the 5 year mark that allows me to speed up the TSP pay off.Wow - Great food for thought. 

I'm open to any financial advice you may offer regarding our current situation.

.: $2,757-If you were to assume the loan and I carried the second note at the above terms your monthly PITI would be: $2,027Saving: $8,760 per year.Scenario 2:-If you were to bring the same $115,000 as a down payment on a conventional loan you would pay: $1,992-If you were to assume the loan and bring cash for equity position your monthly PITI would be: $1,300Saving: $8,304 (with no need to refi in the future)Since this is a hypothetical situation I'm going to give my number based on nat. average homeownership of 13.2 years.

Hello everyone, my situation is a little weird but I would appreciate if anyone has any advice on what I should do. 

In my experience, most title agent are very familiar with seller financing and if they're unsure as to how to handle a particular situation they can always reach out to the insurer's underwriting department who I'm sure will be able to craft a solution.I just looked at FIG's web site and it appears they are a title agent for both Fidelity National and Old Republic Title.

Has anyone else been in a similar situation or is familiar with the loan type I'm talking about?

I decided that trying to renovate from 2000 miles away isn't for me and definitely don't have the risk tolerance to flip - the margins are thin and the ARV isn't high enough to do Hard Money Loan with high interest rates, not worth the stress for me.  

What would everyone do in this situation? 

As you get into under 20 the financing, from what i can see, probably will more straight forward buy situation.  

I started the process with Mofin, but my situation changed and I did not complete.