The market has shifted a bit and going forward you will need to be buying "off market" to make any money.

Flipping is 10x the time that wholesaling is, in or out of state, and if you don't pay attention you will lose and lose on contractors.A first flip will take you 2-3x longer than you think, cost 2-3x more than you think, and one contractor will walk with your money at least.What you are trying to do is to create a side hustle in real estate, but you are biting off things that you don't have time for.

You won't find anything worth while in this area that's listed you'll need to connect with wholesalers to find off market deals or do marketing to find them yourself.

But based on the question asked you would be better off asking for help from a good agent. 

If you are writing the cash you would get back with regards to the monthly savings doing an IRRRL/Streamline refinance then OK, I get it.

He makes his money on the NET off the sell.Another note - I think it is fair to pay him a small salary since he is not able to work his usual jobs, or not as many.

If I was interested in purchasing a seller financed home with the total price of say $700,000, could the loan be structured to pay off say $150,000 to the seller over a 4-year period with the remaining due after that period?

Hi Christopher,These calculations are pretty standard on 1-4 Unit properties..Income/(Mortgage+Taxes+Insurance+HOA) = DSCR RatioHowever on commercial properties some lender may take into account vacancy, upkeep and other costs.

When he gets plastered, see if he will sign off on your situation.Joking, though only half so.

@Mat FisherMost programs are very expensive which is why it’s easier to pay a servicer $25-$35/month th manage that process and they will also do all the tax forms and handle escrow