I'm fairly certain they were just overwhelmed and started to ball park the projects.

Your note will usually be a balloon 5-, 7-, and 10-year terms are fairly common.  30-year amortization isn't as common.  

I haven't done any serious calculations with this, but it would take a fair amount of time to save enough for 20% if I were to go conventional on primary residence.Any insight is greatly appreciated. 

I'll have my license by the end of the year, and starting to second guess my original decision to work for a large brokerage, CB, in the town where I live, which is fairly rural. 

Properties that are unique in their neighborhood are notoriously difficult to calculate for accurate investment value.Do you want to be left stranded, committed to buy at a price the Seller already thinks is the best net-price they can get, and you would be gambling it wasn't?

This would be a Fair Housing violation based on familial status.

Similarly, if you're the riverboat gambling type, you can try looking into an equity deal where the buyer pays you X% of final sales price and/or a percentage of rental income if buy & hold.

I am a fairly new investor as well, but looking to kick it up a notch or 5 in 2016.  

As far as I know, all three have experience in everything from a mop-and-paint to new construction.If you're looking for data support in Snohomish County, I know @Doug M. has been doing a fair bit of work with analytics, might be something you'd want to look in to.As for me, I'm just a small time buy-hold rentals guy, but maybe we'll have a reason to talk business after I wrap up my current purchase, or just shoot the breeze at the next BP meet-up.Cheers, and welcome to the community!

Was it a fairly simple transaction without an agent?