I was able to negotiate a 7% down payment with the seller carrying the note.

@Barry Ruby, you are exactly right that only FEMA isn't keeping there "flood risk" current (likely more people and properties are exposed to risk, however only the smart carry flood insurance. 90 percent of those flooded in both Harvey and Florance didn't have flood coverage because they thought they were safe since they were not required to carry flood insurance by their lender Cost of flood insurance for areas that are not required can be as low as $62.50 a month maybe even lower.

In addition article 250, which is the most painful read ever, requires that all electrical equipment or non-current carrying equipment that contains energized conductors to be connected to ground. 

What about the difference between loan balance and purchase price ($35,000)...is it possible to have the seller carry this as a 2nd lien?

You have to behave in a somewhat civilized manner to have a decent credit score.I may have to look elsewhere unless there is more on this to discuss.Brian

A HELOC in most cases carries a adjustable rate compared to 30 year rates are lower now especially after FHFA lowered it's .50bps hit. 

Evolve, TripAdvisor, Airdna all put them out and they are all different, but do have a lot off carry over places. 

Nobody is walking around the street carrying an assessor's kit.

It sounds to me like the wholesaler bought the property and is trying to carry the note or L/O.

In a transactional agency relationship, the Realtor may only act to facilitate the transaction and may not represent either party, meaning that they can not assist in negotiations or advise on any matters other than those functions necessary to carry out the transaction.