No one has maintained the mail or the home, and no one responded or attended the hearing.I'm not getting excited here, but the idea that my purchase might be 27k cheaper is seriously giving me chills! 

It's home and they may not want to move even if they could live a little cheaper.

Cheaper money to leverage, resulting in higher returns on his other investments.

You also need to stuff more equity in the project and thus your cost of capital may be higher using the "cheaper" money if the yield on your equity is high.

A great aspect of seller-financing is that closing costs in seller-financed properties can be a lot cheaper than that of a conventionally financed property.

Thank you, makes sense, I know I can pick up a 4 family much cheaper in a rough area then I can in better areas, very tempting, if I can a good PM that has experience dealing with MF in bad areas, then this is KEY otherwise not worth the headaches to me personally unless I have  great PM with experience dealing with MF in these rough neighborhoods.

Right now $500k for 20 years for a 20 year old female with the best health class is $16/ month (the commercials always quote for women because they're cheaper).

Just do one lender per one deal, with no fancy pooling/syndicating of the funds and it'll be a lot cleaner (and cheaper for you). 

Its cheaper than a lawyer. 

I also see that even though the purchase price is cheaper, rents are also cheaper.