I used to lend on a lot of new development condos in Detroit and the amount of misinformation out there about financing was unbelievable. 

Parents neighbor is willing to do some seller financing if I can get a hard money loan for a good amount of the purchase price.

I think we need to keep blaming the landlords and introduce additional rent control legislation to fix the issue. 

Biggest risk of seller finance is if the buyer finds bad tenants who don't pay rent and destroy the property, now the buyer can't afford the payments and gives back a distressed building, now the seller has to spend money to fix it up, which could cost more than the down payment he got from the buyer.

Is this something they will be fixing?

Really hate to give up a good amount of the proceeds to taxes and worst yet, have to pay off the BK debt in full with only a few months left before completion.

Then we notify #1 that we have a 2nd buyer with no contingency and they have X amount of time, whatever was originally negotiated to remove it and pay additional earnest money. 

When someone passes away, the assets within their estate are subject to estate taxes if the total value of their estate exceeds a certain threshold (this amount fluctuates based on tax code, so be sure to consult a professional).

They have most to do with the developer and the fact that you have to advance a significant amount of money against just a piece of paper without any guarantee that you’ll get either your property or your money back.There are actually two distinct risks here.

I fixed the termite damage, do I have to disclose that there was termite damage when I sell the house?