Would the full 128K be seller financed or just portion of it example 100K then at a 5 or 7 year balloon the remaining 28K or remaining balance of the 128K be paid in full.2-since 51k is owed as a refi, is it treated just as the same condition as a regular mortgage would when it comes to seller finance.

As to a balloon payment here is what that basically means: you pay x dollars for x years and at a specified time any remaining balance is due in full as a single payment.

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Currently working full time in the automotive industry so I am looking to learn as much as possible and to start replacing my income with real estate investments as soon as possible.

I held a real estate broker license for about 30 years but never did that full time.  

My question is I do not accept partial payments and I charge late fees if not paid in full by the 5th.  

I am reserving the master bedroom for another person who is considering renting that full time (and happens to be a tutor so that might work into a helpful situation for them both), and I would stuff myself into the last bedroom and share the hall bath with the part time tenant.Additionally something to consider is that I will be doing work on the house over this year including the kitchen, the new 3rd bedroom, and the hall bathroom.  

The property is a 2 bedroom, 2 full bath with a 2 car almost enclosed carport.  

I just started flipping houses full time and I have a opportunity on a possible 30 lot residential development parcel in Olympia Washington.

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