I am going to look at some other lending options, possibly even look at some house hacking with a fha loan.

The listing agent says they had an offer but the financing fell through.I am wondering if financing this property with bank financing would be possible? 

If you're sending the same mailer as your competition, you can expect a lower than possible response rate.  

We have had some people tell us to get our real estate licenses, and possibly work for a real estate company to gain experience.

This is what I sent them:Offer is for a purchase price of $128,000APR RATE at 4% on 30 year fixedTotal cost of mortgage to us $219,993 Monthly schedule payments of $611Since they bought it for $36,000 back in the 70s, I figure there was a chance they probably refi or something, which I got a reply from them that yes they do have a mortgage on it and that yes they are interested in learning more about the possibility of selling it as Owner financing.So from what I picked up of all the threads is that LO or Sub2 is the way to go, I welcome you to take this post and chop it up.

There is a room for one car if curb can be made and little asphalt in the front of the twin (which is possible to do and still look okay).  

Could they try and fight possible renovations or anything like that?

Of course, we just want to try to get the best deal possible as this is our first flip and there is sooooo much competition in our area.I've read and watched the webinar about tax (lien) sales and I have been learning about some of the things to be aware of (THANK YOU, BP!).

I know pitch and rise and run, live loads and dead loads and shear.Certifications: NAHB Certified Sales Professional (CSP), Certified New Home Specialist (CNHS), Residential Construction Certified (RCC), the NAR GREEN designation.I look forward to getting to know you, and possibly working with you.Best Regards, Bob Wiltse

But I do agree, those arrangements could be written to include the possibility of EITHER party paying out the other along the way WITHOUT the others approval - so long as the sale price covers the agreed payout figure?