He'll probably have it all paid off by then anyway.To answer your questions, I can't say that it is MLO originated because we didn't use a bank, but we did have an attorney draw it up.As far as servicing goes, there is no escrow.

Basically If I get a short term loan in order to pay for a property and then a year later go to the bank to get the refinance to pay back the loan... what if the market declines or for some other reason I can no longer get a refinance to cover the loan.Is that just when I throw my hands up and say "well, time to file for bankruptcy" or are there other options?

You then counter with numbers that will work for you.Going in you know exactly what your minimum requirements are and target that or better in terms.There is no standards there is only what you need or better to make it work.Your ideal target would be the best bank rate but with seller financing that would be extremely rare. 

Every loan and different banks are at 20 or 25 year amortization. 

If you don't take the FHA route, you can expect to have to put close to 20-25% down if you finance through a bank or commercial lender.If you have a steady w2 job, some savings for a downpayment, and the price is right, I believe acquiring a loan for a fourplex shouldn't be too difficult!

I am a Business Process Architect at Commerce Bank, who is looking to start building wealth and retire early to spend more time with my family and friends without stressing about work anymore.  

Enjoy.

Few options:  Non-bank lenders like Lima One and Visio usually do loans based on the performance on the property.  

I've been trying to research raw land loans and from the (granted few) banks I've spoken to, they will not loan on raw land-they recommend getting a personal loan out at a ridiculous rate 10-15% interest (they didn't run my credit, it was just an estimate for a personal loan, but I have very good credit-around 760 I believe), to cover the land and then refinance to a construction loan once there is a well and septic as I understand...So was wondering what other options I had as far as financing and what others have used?  

It's a bank-owned property that needs new carpeting, paint and a good cleaning.