Seller financing depends more on the seller’s financial situation than the current market conditions.  

That seems like a weird one but call your plan administrator and they will tell you all the terms and conditions for taking out a loan. 

Price was right for the area and condition.

Look at the foundation for major cracksLook at the condition of the roof Look to make sure the windows aren’t cracked and if they stay open when you open them.

When the numbers work like they should, you will make more than double the profit with a 20-unit because when you raise the rents every year by even a small amount like $30 per month per unit you make a ton of money when you do the math with the Gross Multiplier.Suppose, your 20-unit property is in an area and in condition where the Gross Multiplier is 18.

I was thinking I could just do a little terms and condition thing that they can sign and get a copy of their DL, a phone number, maybe get like a pre application?

Tar will last for years in some conditions and months in others. 

After retirement, I launched investment company Dembinski Homes, LLC which approaches residential home sellers directly to sell their home or land in "as is" condition.

To enter the inside of my thought process: Check the real estate listing, count how many rooms there are, condition of appliances, cabinets and bathroom. 

What is the condition of the property?