If you're in Canada you'll need 5% down.If they're willing to sell to you with owner financing then you can come to whatever arrangement you want as far as down payment, price, interest rate, and amortization since there's no bank involved.

Unfortunately, my cash reserves for down payments are gone but I don't want to wait till I save up another 25% that the bank requires for a loan, so here is my plan.  

We use small community banks for our lending so its not convenient for most of our tenants to drive to those banks.   

But the best part is they closed their bank account down before I could cash one of their checks so I am out $1,100.

If they were approved by a bank to buy an $850k home last year, now selling that home for a gain, I know them and have positive experiences and believe they have solid character, we were neighbors for a while, their young girls are very sweet (and occasionally very helpful with yard work) ...why would another background check be required?

Another way to think about it is what does a bank do (or not do) when they give you a mortgage.   

I'm seeing that a lot of banks and credit unions require minimum 6 months seasoning before cash out/refi. 

I’d call your local bank and just do an unsecured line of credit or a personal loan for such a small amount and pay it back ASAP

Looking to buy a 2nd duplex sooner but I'm unsure if I can buy it in my Business name yet or if I have to buy it under my own name for the banks purposes. 

I need to find a way to get out from under this, and not by giving it away to an investor who laughs all the way to the bank while I lose money.