If you can find the right deal, you'll be able to set yourself up for success.

PMI is a set rate, you can look it up, I believe 1.75% upfront which gets added in your loan balance, plus I think .85%/yr added to your monthly payments.

It is always important that you set firm screening standards and never waver.

The issue is that this single property has a need for a specific skill set, my father in this particular scenario, and this same job will be outsourced in the future.

If you would like to get set up on hotsheets to watch the area I would happy to help. 

Get inspections if you haven't already set those up.

I'd be happy to set you up with a lender that we use that is incredible... just let me know!

We are not in a rush to buy but we are getting pressure to put 25% down to get the deal (which aren’t even great deals in this market).

I am pretty sure the seller financing will go through however have to look into the steps of working with a Title company and setting up escrow.

He's looking to turn it into a 4br 3bath and possibly turn the basement into a livable space.He offers a promissory note for a payout of either a set interest rate or percentage of the profit, whichever is greater.