I don't know anyone there personally doing it like we do, but it's something to consider.The other option, of course, is to just try and bump up your expected monthly cost from 10% to something like 12% - 15%.

Hello! There is some land near where I live that came up for sale. I feel like I remember hearing one of the podcast or somewhere that the appraised value of timber on the land can be used as down payment for purchasi...

Is there any other options I can use?

Hey @Fadela Zaoui - if its a court ordered sale... unlikely sellers would entertain seller financing, but the answer's always no unless you ask :) I recommend working with your broker to figure out what the sellers really want - sounds like one of the sellers wants to cash out so they may not be the person that wants to do seller financing BUT the other seller may be open to it.You could also potentially look at a joint venture option where you just buy out the seller that wishes to sell her portion, and partner up with the other equity holder who now gets to retain their piece of the pie. 

*You can only have one FHA loan at a timeI'd consult with a lender or two to give you a much deeper scope of your loan options and what makes the most sense.I am not a lender.

@Sarah Kensinger agree, I am just exploring different options and weighing the pro/cons. 

If you were wanting another property within the next 6 months after selling her condo this could be a good option. 

What prevents your end buyer from waiting out your option period and going direct to your seller? 

You have 3 options for Property Management - Suncadia, a local PM or do it yourself. #1.  

@Oladayo BolarinwaInvestors looking for rental real estate in the Houston area have several great options to choose from.