Looking to purchase an owner occupied muti investment property but I don't want to carry the PMI for long before I can refi.

Seller might be willing to carry 5 – 10 % note.example only : 7% seller 2nd with 4 year term at 6 percentFirst, I would suggest checking with your lender regarding potential Seller 2nd note. ( approval is need )

For that awkward tier between like $200,000 and $1,000,000, you most likely will need to go with a local or regional bank who will carry the loan themselves.  

Tax implications to the owner are best discussed with a licensed CPA.Home #2: My first choice would be to put the property under contract with the seller carrying back a loan & I would take over the existing loan.I would use a basic purchase offer contract.You can partner up with an experienced investor to finish the deal  or sell the contract to an investor, AFTER you tie the property up with a purchase contract.Good luck.Originally posted by @Albert F.

I love owner carry back financing by far.  

Having money is great, I suggest trying to do your first investing as though you had none at all, then when expenses crop up, you can deal with it and carry on until you cash out. 

Each bank works differently, so if you carry available credit of say $50,000, but the balance is $0, meaning you've not borrowed anything, it likely won't be a minimum payment on the maximum $50,000 potential debt that'll figure in your DTI, but some percentage of it.

Also, the seller does not want to pay for a termite inspection and I am not sure I want to carry that expense. ....would not doing so be a poor decision? 

And I have quite a bit of carry forward losses from previous years where I was limited to how much I could write off.And thanks for the insight.

And if I can get the seller to carry a second position note for up to 30% I would be able to gain ownership with little to no money Down.