I wouldn't be at all surprised if the HML guys ask for everything, and then throw 80%+ of it in the trash before submitting the package to underwriting.

I have numerous seller financed transactions and have never been asked for a credit check which surprises me.

There could be white ant or drainage or any number of other nasty surprises too, making remote assessment quite inadequate.They're basically asking as-is market value, so that doesn't augur too well as to their motivation.For such a small, boring, old property, I'd probably be Offering LESS than land value.

I'll be surprised.

I did ask them point blank if they wanted to stay in the home and they look genuinely surprised, saying they loved the house, and they were sorry to cause issues.

You would be surprised what kind of returns you can get around the country.

We're getting closer to pulling the trigger on our first deal... we just want to be sure we get all our ducks in a row so there are limited surprises.

@Franco Li I do a lot of work with local credit unions and even my clients were surprised with the deal. 

I'm surprised you say your MBA hasn't helped at all though.

We did find some good investment products that I was pleasantly surprised by, but in the end the LOC just made the most sense.