I have been told that many financial institutions don't approve seller financing a second mortgage for the down payment. 

I own 130+ units in MA and would love to partner on deals depending on what you have.

I suggest going with hard money since that product is more made for rehabs than an institutional bank.

I would go to your smaller institutions and see what their commercial side can do for you.I'd be interested in finding out what you ended up with.  

We just got the pre-approval letter from an institution and out of the blue we are getting so many offers - Incredible! 

Charlotte is incredibly flooded with investors-- even institutional has done some damage there.Rarely are deals found, it's more just investors bidding one another up.

Wait, no you just jogged my memory because I recall that they could then transfer into 4 year institutions to then pursue a CPA.

The scenario you described is akin to playing the role of a lender and paying yourself the loan percentage—investors pay themselves much like how a bank or private hard money lending institution would handle it. 

@Alecia Loveless@Alecia LovelessFor larger assets that have institutional buyers, there has to be property management in the market.

I am considering buying 1 acre of land in Austerlitz, NY Columbia County, on the MA border near the Berkshires.