Helly Kerry, thanks for responding, but the seller doesn't want to seller finance.

If you're concerned about the state of the market, I might consider some creative finance deals.

Has the potential to add a 3rd efficiency unit with a 90% finished 3rd floor.etc. etc.Here's the problem...The sellers of the property offered it to me for $200k if I could get financing.

Well his boss was impressed with my real estate and finance skills so I ended up working for their company well it turned out their company was wholesaling houses they didn’t really flip many homes.

Seller financing?

Maybe pay for an appraisal up front or if you are financing, the lender will do one and if it doesn't appraise, you can walk away with no consequences other than your time.

It is purchased with 20-30% DP and financed by local banks.

How did you finance this deal?

You can use the cash value in the policy as a source of funds for financing, and it is an asset and liquid through withdrawals or loan by borrowing against the cash value. 

With house hacking you'll be able to close with less cash out of pocket and you'll have favorable owner occupant financing (lower interest rates).