What are your financial resources?

Right now I’m in the learning stages before we pull the trigger to find that right property in Spring or Summer next year.Our main objectives are:1) Build financial freedom through cash flow.2) Looking to buy and hold rental properties.3) Finding a solid deal with good numbers for our first property.

So there is a good chance they just cut a deal with a vending company and aren't getting a big financial return anyway. 

If the 2nd is compeltely upside down and someone wants to complete a sale then it's in their financial interest to try to recoup any funds that they can.Depending on 1st lien investor or insurer guidelines will determine how much money is allotted to suboridnate lien holders.

Something I learned to late is to convert them to a tax free account and make up the tax and penalty by possibly being able to invest in a place other than the stock market by having a true self-directed IRA.If I was younger and was more aware how things worked I would be much better off when, and if I did, retired early and spent my later years on retirement by having financial freedom. 

Those are the people that I think will either validate or make you re-evaluate your calculations.Try not to make pleasing the seller an issue with financing, If you go trying to support a 10 year mortgage when you don't have the financial cushion set aside or cash flow generated for repairs, CAPX, evictions etc. 

It is quite true that someone considering a tax strategy with which they are not already familiar should not rely on the opinion of someone who has a financial interest in the transaction. 

If the house isn’t in financiable condition I would recommend going the hard money route to purchase. 

The former requires examination of financials and the latter requires involvement of a real estate lawyer.

I’d market it with the financials, so a newbie investor can look at it and salivate over the $xxx month!!