Offer a good down payment, @least 10yr term, low rate(enough for you to cash flow), no balloon payment..The beauty of seller financing transpires from creative need...Find the best solution...GL

That, among other things, will help you keep your personal stuff out of anybody's reach when anybody files suit against your business.Another thing you should consider doing is to find your financing and that lender should give you a loan letter that states the average time it takes to close that loan and the maximum you qualified for.  

In most cases it seemed as though they could fund the home within 7-10 days, but when I calculated the additional holding costs, the balloon payment and the points, it really seemed to cut into the profits.

Does anyone have an example of a letter of interest that they use to ask for seller financing?

I then mailed to everybody on the list regardless of amount owed but I would send a different letter depending on the category.

The terms are:  5 year balloon, 20 year amortization, at 6% with 10% down.  

We are looking at doing yellow letters. 

I know of 2 websites that either changed focus or shut down because of threats or cease and desist letters from 506b platforms about discussing their investments.CrowdStreet, a 506c platform list all of their past deals and how they are doing.  

So to update you all with the situation, the bank responded to the lawyer's letter agreeing to refund 100% of the purchase amount.

Maybe with a 3-4 year balloon payment so you can refi it in a year or two?