Negative Interest rates, a Cashless Society so that no one can escape paying the Tax.

Like every other aspect of our society, our culture sells lifestyles and lifepaths to people regardless of class, when income disparity is great than ever.

Since your a newer investor, and unless you have a specific reason why you want to go the Seller financing route, I'd strongly encourage you to go the 'traditional' route through a bank for financing.

@Dave Spooner thanks for the encouragement.

I always try to have words of encouragement for everyone, but there are a few things you should know.I assume you are aware the property is in a rough part of town, so it will come witha few management isuues.

Again, I would encourage you to explore using a low-down payment conventional mortgage instead of FHA.What about pest control, lawn care, snow removal, and admin/professional fees?

Speculation on what we should see over the next 6 months is encouraged on this thread!

"Cheating" is not something I'd encourage since you may be bordering on fraud, which in a loan app is prosecutable.For reference, read up on 2009/2010 and RE loans.

@Brady Hlad If you're new to BP I always encourage people to use the search bar.

@Joseph Pochinskas - It is definitely okay and I HIGHLY encourage you to just go with the 2 flat and keep moving forward.