They have pretty strict buying requirements and will want to see proof of funds or ability to finance before accepting your offer.  

If you go with a bigger firm, they will require you to join NAR.Bigger firms can also limit your ability to offer Property Management services for other investors.

Blake Morgan - Do you want your dad to transfer you his stake of ownership of other properties in the future, after you have learned and proven your ability to manage, or would you prefer he sells everything and you inherit only cash?

I have contractors, property inspectors, and property managers tell me about the property's condition and rent-ability.

My concern is ability to manage the properties while living 80% abroad. 

In the condo boom I noticed a lot of basements being converted into condo's so I would imagine there being some ability to convert an unfinished basement into a legal apartment.

You could start advertising now so you can cover as soon as the vacancy occurs and make the ability to co-operate with showings a condition of any agreement.  

I guess this would be considering a wrap around mortgage since I'd try to keep paying on my mortgage - though I do have the ability to cover if they were to activate that rare due on sale clause.So my questions are for anyone who has had experience in structuring seller financing deals:1) My initial thought would be to structure it to parallel my own ARM to keep her payments low for 5 years (close to what she's been doing for rent) and have a balloon payment in 2020.2) What kind of interest rates are usually charged in this situation?

I think folks need to be realistic about their ability to borrow and or the unicorn rate that you think you can get.. loans are pretty universal .

Any offer you or your agent presents needs to be accompanied with a pre-qual letter anyway so getting your financing squared away first gives you the ability to pounce on a property that interests you when that time comes.2.