It’s just a business expense.Besides by using some leverage and keeping more cash on your balance sheet, you can have some dry powder and weather a storm if one happens.

The husband and uncle do construction related jobs and wife is kinder garden teacher.However, all of the three adults have bad credit scores and collections.Husband: ResidentScore 536   recommendation: conditional He has two credit cards, one is "charged off as bad debt" ($448 past due)  and the other is paid or paying as agreed with $451 balance, no late payment for past 7 months.And he has two collections from Comcast (2016) and a bank (2013), total amount is $692.Wife: ResidentScore 555  recommendation: low accept She has 4 counts. 

Will they let you know before the bidding process what the mortgage balance is owed?

Account ClosedIf the property is your personal residence, as you indicated, capital gain up-to $250,000/$500,000 may be excluded depending on your filing status.However, since you are doing seller finance, the interest will be taxable and not eligible for exclusion.ExampleYou have a personal residence that has a basis of $100,000.You agreed to sell it for $350,000 with a note indicating that the buyer will pay 4% on balance not paid at closing.So ultimately, you are getting a 4% interest which would be taxable every year until the note is paid off.

Would love to hear your insight and if I could possibly get better terms than a 25 year 5.75% on a $733k loan balance.

This builds up a positive cash balance in your reserve account over time.In the future, when you have a vacancy, and you are only collecting 75% of rents (in a 4-unit building, for example), this cash reserve can be used to pay your expenses until you fill the vacancy and start collecting all of your gross scheduled rents once again. 

I believe the key is finding a balance between all-out evolutionary capitalism, which Marx correctly notes will eventually lead to revolution/armed insurrection, and complete socialism in which society owns all means of production and determines all reward for effort, which will eventually lead to stagnation and apathy.

I think you are probably confusing Redemption rights with Reinstatement rights, which refers to the right to just pay off the amount of Payments in arrears, not the whole balance due.

I have no clue why this Seller would pay cash out of his own pocket, go thru the hassle of transferring his loan to you, and then offer you 0% financing on the balance. 

Do you want to focus on cash flow, apprciation, or a balance between both?