They look at how much your property will appraise for, subtract 20% because they want your to still have equity, then subtract your mortgage balance.

It was a difficult decision as my family is emotionally attached to this home but based on the financial gains of investing the tax free appreciation it makes sense for us. 

As far as I can tell they just want to sell it and get rid of it but with 6 children making the decision on what to do it can be difficult to really tell what their intentions are with the home. 

I am really finding it difficult to know what down payment strategy I should use when purchasing a single unit to be utilized for a rental investment.

having a difficult time using both the brrrr and fix and flip calculator because i intend to live in the property for 1 year so not a rehab. these calculators seem to assume i won't live in the property. based on the factors below, i'm hoping someone can poke holes.arv=270krepair=my father who is a general contractor is overestimating at 35k (it's definitely livable, but there's opportunity to upgrade/update such as the roof, floors, cabinets). i'd live there for a year and plan to either flip or rent after the year.annual expected property tax=$7.5klisted price is around $235k ($/sq ft is below comp average)comps within the past year for similar properties around $260-$280kpreferred profit (not too sure about this) but $20k is a target...i guess.estimated rental based on recent is $1.8-1.85k/monthi was thinking about offering $210k max, but the calculators recommended an estimated purchase offer between $160-$175k, which seems extremely low given the livable condition.what am i calculating wrong here? 

It just seems that finding the actual homeowners is more difficult as a majority of the properties for sale are listed under a realtor on behalf of the owner.

Most do not report the balance unless you default so it has little to no bearing on future credit decisions. 

Peter As Tom indicated, yes, you'd still be required to pay the Seller the balance, so, unless you got your own mortgage from a different Lender, then the Seller is still your Lender. 

Some days I find it really difficult and overwhelming.

Thankfully I have received other interest in the unit so I don't believe it will be too difficult to fill after this group.