Dante, what the seller means is that with 25% down, they will carry a 5-year, 6% loan and YOU get to negotiate the number of years the loan will amortize, and that doesn't have to be 5 years, just because the note matures in 5 years.  

If you try to chase that extra money, you will likely greatly increase your carrying costs.

I'm hoping to convince her to owner finance it for awhile or do a carry back.

Do you have strong enough secondary source of income to not only carry your personal obligations but also have enough earnings left over to prop up the project if needed?

Whats left after carrying your debt?

It is considered higher risk so it carries a higher rate.  

Even though the split is 95/5, that's quite a hefty load to carry for the first few months as I get things ramped up.

Closing cost est.  2KNet profit (minimal carry costs - paid cash)      aprox  59KI think I'll start paying more attention to online auctions...

Ryan, I have never wholesaled YET but in my opinion YES age CAN be an issue if you carry yourself as such.

How long did it the seller to sell all of the phase one houses. and how does that affect your carrying costs.