Newbie here, can anyone advise what is best for webites.

I have already been advised by a number of mortgage brokers that getting a mortgage for primary residency will not be a problem as I will be putting down 30%.

Good luck.Great advise Minna, just remodeling my bathroom this month cost nearly 25% more than I anticipated, and for a while, it seemed like every task I took on created 10 more in it's wake.

Any advise for dealing with a private lender?

This is definitely not advisable.

He advised that the owner is willing to hold the property with a down payment if I am willing to pursue the separation of the deeds.

But it sounds like in this case they're about to come into a great deal of money, and you might only need like $10k of that money to get your first flip off the ground.But my friend, please do not advise them to lease option.

You can go there and see but I would not advise that. 

With all due respect, if you have been financing for 14 years you would realize that you have just advised someone to commit FRAUD.The silent second needs to be subordinated and transparent to the 1st lien holder or it's FRAUD.

Any advise would be appreciated.I think that the house has been trashed by the previous owners of the property.