If it is possible for you could start on a multi family home that is easier to get financing including the renovation but you have to live there one year but your tenant(s) could pay the rent that would probably pay enough to cover most if not all of your mortgage payment.It can work well to be a good investment if you keep it for longer term.  

I think the IRS Section 1022 covers this, go to irs.gov and search inherited property.

You have to cover the difference plus closing costs i.e.

Remember all seller financed notes are purchased at a discount (depending upon the terms, buyer’s credit, etc.) .... so there must be enough profit to cover the spread.

Remember all seller financed notes are purchased at a discount (depending upon the terms, buyer’s credit, etc.) .... so there must be enough profit to cover the spread.

Google "HUD Approved Lender Search" that should take you to their search screen. 

How will you like screening tenants 2x your age?

@Steve S.When the intention is to BRRRR, I frequently recommend asking your loan officer to quote you a rate where the rebate covers the closing costs.  

The info on BP covers a lot of general and specific topics and is very helpful.

The guy/gal  seems to be up to no good.I'm bummed because really screened for 6 months before investing....