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Say we buy a property for $1 million, but we structure it so it's 0% down but a bank/note buyer is in place at closing to buy the note from the seller at 80% value so they walk away with 800k in cash. 

@Sam TrightBesides the other comments above you also start really walking or crossing the fine line of selling securities when you start bundling up parts of a note and selling it to different people.

Happy to have a call and walk thru this with you!

I regularly call sellers on behalf of my buyer clients that I have preapproved and walk the seller through the rigor of my preapproval process to prevent this exact situation. 

I ALWAYS recommend a buyer attend the inspection and walk around with the inspector.

Adding to this - any insurance agents here who can take the time to walk me through options rather than just send me a quote then harass me to sign pls message me :) 

If you recall also those with swimming pools in Los Altos hills that were on a hillside some of them the water came out and flooded into their homes.. it was quite random.. my kids were walking home from grade school alone ( Back in those days it was OK for kids to walk a few blocks by themselves.. )  The poor folks though on Hwy 17 connector through Oakland got pretty much squished when the top deck fell down that was very sad..

While it would be great to make sure that the seller can pay off the loan and walk away with enough to live off of, you can't just be willing to overpay for the property.

I'm particularly passionate about Uplifting the Beautiful City of DetroitOutside of real estate, I enjoy Personal Finance, Rock Climbing and long walks on the beachExcited to learn and connect with you all!