I've searched around and found some great insight on SELLER FINANCING, but I'd like to see if I can dig a bit deeper...My hypothetic deal: Seller is asking $250K for his turnkey 6plex.Gross income is $36,600yrI've yet to get an answer as to why the seller is open to selling, I replied to a for rent craigslist ad just asking if the owner might be open to selling the building?

I would definitely recommend asking around to whatever banks you can, and maybe even offer to open a checking account and put some $ in it which might make them more likely to consider in-house financing for you.

It also has loose/damaged siding, security bars on windows that need to be removed, earth-to-wood contact in the foundation and siding, leaks in sinks, windows that don't stay open, loose toilets.

Recently, I stumbled upon Rich Dad Poor Dad and opened my mind to purchasing assets and not liabilities.

You have to be clear about roles and responsibilities and know that the BIC should be monitoring your business because they are taking legal responsibility.My recommendation is to visit larger offices and see if they are willing to allow you to open a property management branch under their license.

Appraisals are usually higher than a house is worth on the open market.

I'm open to any recommendations if they work in the area, I appreciate it.

Recently caught the REI bug and lenders I've talked to will approve $40K-50K max due to the age of our accounts and lack of activity opening new lines of credit. 

We ideally would like to find small properties for $100,000 or less and buy one or two to start and to help us learn how it works and slowly buy more but we are open to a more aggressive strategy if the opportunity is right! 

This strategy will open up more opportunities for you.