Keep in mind though, i don't know your area specifically, but better quality house rents for higher rent, and whether the house is nicer or not, the upkeep costs are the same (e.g.

Hey everybody,Here's what's going on: I have a motivated seller who has agreed to seller finance a duplex they own (not owner occupied).

Thanks again for your advice as I will keep these strategies in mind when similar deals are presented in the future.

I called the state licensure office and they seemed to imply that it was “ok” to change your mind so long as you got a licensed contractor on the permit.

Remember, marketing this time of year can be funny, so keep that in mind if you need to hustle.  

And yes... very sweet :-)In my mind, trying to find a place that's going to appreciate is a LOT harder and I would move from "investing" into "speculating"  There's nothing wrong with hedging your bet and doing your research and trying to make sure you're not going into an area that's *completely* going to tank, but I've found that when you start speculating on future prices, you start down the path of just what you described... one piece of information says this, another says that... and they're both at odds with each other. 

I say this as someone who made a title insurance claim within a month of buying my very first home.This is always true in general; in your case if you are acquiring from distressed/motivated sellers even more so.

I'd do an option on the balloon payment in 1-2 years, unless your client doesn't mind the monthly cash flow.

I'll keep that in mind going forward.

But If I knew they were going to so quickly change their minds, maybe I would of done a little less fun ;-) YOLO!