Seller finance deals work when one of the following situations is present1- property can’t be financed with institutional financing usually because property is vacant (commercial property) or in bad condition2- seller will only accept an above market price for the property and by offering seller financing opens the universe of potential buyers to include people who wouldn’t qualify for financing3- seller is able to obtain a “piece of the action” from a buyer rehabbing the property and hence ultimately obtain a higher price.4- the seller has an existing low interest rate mortgage and wants to “wrap” the existing mortgage into a seller financed higher rate mortgage and pocket the differential 5- property is an investment property, seller has a low basis in the property because of depreciation, and wants to spread out the taxes due.Are you thinking of trying to purchase with 100% seller financing, or are you able to /willing to offer a down payment of say 10-20% .  

Just sold a duplex at Baylor University and am interested in STR condo in Destin, Gulf Shores Coastal area (family goes every year) or Colorado, or Smokey Mountains seems to be a great place to invest now.   

It is fairly universally known that if you want to buy real estate, you go to the local MLS and/or Zillow.  

Hi @Marc Shin - A new Universal Studios is being built in Frisco TX (a suburb of Dallas) that I find interesting.

The property is 15 minutes away from uptown charlotte and 20 minutes away from the university.

If they didn't, the seller could foreclose.So, you could either:1) Buyout the middleman with cash and assume existing LC2) Write a new LC with the middleman and leave the existing LC in place, but include language that requires proof of payment to the underlying LC.

You could visit the idea of student housing in university area of Charlotte with a SFH and rent by the room. 

or "be near Temple University" I am from NJ/NYC area and am looking to identify the next big/upcoming neighborhood in Philly?

"Letter of intent" sounds like it'll have uncertain language in it.

You have a very detailed breakdown of initial move-in expenses (but you didn't fill out what was received), but then you don't include a detailed breakdown of recurring charges.Your late fee language is completely wrong.