I would define what success is for you and then set some goals towards becoming successful.

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Also define your deal parameters:  I use a 8 to 12 year payback; with a 20 year amortization loan term. 

I'm under contract to buy a house for $140k, that needs $50k ("high" guess) of repairs, to bring an ARV of $220k ("low" guess). I had a 3y balloon loan lined up for $100k, but the local bank backed out after seeing th...

—The term “covered property” means any property that—(A) participates in—(i) a covered housing program (as defined in section 41411(a) of the Violence Against WomenAct of 1994 (34 U.S.C. 12491(a))); or(ii) the rural housing voucher program under section 542 of the Housing Act of 1949 (42U.S.C. 1490r); or(B) has a—(i) Federally backed mortgage loan; or(ii) Federally backed multifamily mortgage loan.(3) DWELLING.

I really do need to define a process for it though.Thanks for the replies everyone! 

I would also suggest that developers consider larger floor plans that have some sort of office component, since more people will be working from home.IndustrialDespite a slight drop in values due to the pandemic, industrial real estate remains healthy.

I think you have to evaluate the components independently: the deal, the price, the financing - if you can get a lower price by using bank funding and your rates are also better using bank funding, thats two reasons not to do seller financing.The only reason I would pay more is to get a closing cost credit to preserve cash.The fact that you know there are is good, but not a major factor,  I'd leave that aside for the consideration of the deal.

Definately check with other lenders.

@Hajarah Shakir, there are three main components to real estate.