It is, IMO, this type of critical thinking about the deal and your subsequent offer that is the most important lesson any RE Wholesaler or Investor should learn.

Plus mine had matching stained wood trim - so I did not want to paint the floor.I was doing a couple maintenane items when the tenants were moving in and they were sliding their old huge tube type TV over the floor scratching the new poly right in front of me.

There are many restrictions but the one that makes me wonder if it would be worth the 0% loan is:The one restriction that has me wondering if it would be better to not take advantage of this program is: Required affordability in the tenant’s unit: Purchaser cannot increase the rent of the rental unit for 1 year from loan closing and rent cannot increase more than 3% per year for the 4 subsequent years OR rental unit is occupied by a Section 8 tenant for 5 years from loan closing.I would love anyone's advice/opinions. 

Start small and apply what you learn in the first deal to your subsequent deals. 

Overall, good job at pointing out that at the street level, lenders will have additional requirements beyond what might slide through into the secondary market.

In fact over the last 35+ years we have held many seller financed properties & have only had 1 foreclosure that we subsequently flipped for a good profit & again held the note.

The first and biggest piece I bought was paid for out of pocket, the subsequent two where purchased with seller carrying the mortgage at a rate of 3% (family friend, gave me a great deal!).

Thus, the average loan was institutional grade CMBS and exceeded $11 million - significantly beyond the capability of most individual investors.In subsequent testimony before congress, Richard Parkus, author of the Deutsch Bank report, clarified several items.

He lets things slide.....It will take 6 weeks to get her out.Yes, these 6 weeks will mess up my plans a a big way.

As far as I can tell there should be no issues--only one that came up is that my neighbor, who is 1/4 mile away and originally owned the house I'm buying, removed easement on her property from 1st deed and just let subsequent owners use her access road by informal agreement.