They were able to offer a 1st position loan based off the property and income, and the seller was allowed to offer financing, but in a 2nd position.  

Why not purchase several because each property can pay for itself and I am seeing all of these lenders flooding my Facebook now that I have googled some loan options- and so many offer 100% financing... what am I missing here?

I'm just offering some thoughts, and would love to hear anyone's responses

Both offer great Sub2/Creative finance communities. 

This is my first one and the seller is motivated but I don’t know if my offer is good and I don’t know enough about the contract.

Feel free to reach out if you'd like additional information about Winston-Salem and the investment opportunities it offers!

A solution they are offering is a "Swap" when the 5 year balloon comes due. 

So even if the tenant offers do not accept it because you can't list that amount on the lease since HUD will want to see the lease.

Welcome to BP@Martyn Whitham, we noticed you aren’t a Pro member at this time and we would love to offer you a 20% off discount to start taking action in investing with confidence!

He uses his 25 years of experience to offer insight on the parallels between the market during 2007-2012 and today’s market.