So let's say I have 10 leads willing to do seller carry-back sales this year, all at different rates (do they need to be tied to an index if each individual seller is only doing 1 sale?)

They were fishing for a price and I told them I need to see the financials first.

I just read a post on an individual who rehabbed a property for a 34k profit from MLS that has been passed up by many many investors who thought it was a bad deal...

I just finished up my financial statement and need to work on a business plan next.

It might be worth paying another 1% to a bank for the safety of knowing your owner financiers cannot be foreclosed on. 

Make sure they actually have it under contract, There are lots of these operators that have no financial interest and are brokering real estate without a license.3.

With your credit history and your financial situation, you should be able to get started in that area no problem.

You can go about it both ways, you can get it under contract after you've been pre-approved for funding but it really shows the lender you're serious if you have it under contract already.The price of the house won't change drastically after it's under contract, so we'll know how much funding you'll need and you'll have a clearer financial picture from which to plan from.Let me know if there's anyway I can help!

I told to a financial planner in the midst of the Great Recession.

@Craig Curelop, I haven't been to one but I would seriously consider it.Benefits: NetworkingBeing with like mind individuals (You never know, you could meet your next partner, financing, mentor...)Jim Rohn always said that you should invest in yourself, never skimp on education.