If you're buying a house from a consumer-type, they will be just as clueless as you might be.Neither Chris Dodd or Barney Frank were big thinkers so don't overthink the statutes.Seller financing is no more than the terms that you agree to buy a property for.

The property was listed on the MLS a few days after.That was almost 60 days ago, since then no more motivated sellers.Here are my questions:Has anyone in CA or San Diego experienced this lack of motivated sellers?

No more bad air from the ducts, no oil smell.

This is why starting caps and annual rent bumps in the primary term of the first lease are so important when a buyer is purchasing.A key indicator is to have the lease set at no more than 8 to 10% of the businesses gross sales.

That being said, it's in an up-and-coming area and there's a lot of renovations going on by the city in terms of public access way and stuff that is going to probably raise the land value over time.Since I have qualified for a home loan for over $400k, I thought maybe the smartest thing to do would be to buy a fixer-upper that has better bones than this place, say for $250,000 or less, that needs no more than $180,000 worth of rehabs put into it assuming after rehab value will be increased beyond purchase price + rehab cost (aka, a good investment).

sure since you have made millions in wholesaling then you should have a huge bank account.. simply close and resell... no more mystery than that.and if you have been doing it for years.. you should have stellar credit and tax returns to back it up and you can get LOC from local community banks..  

I have a very very small starting budget, essentially I'm going for no more than the $150 a month mark. would you critique what I have planned and tell me where I can improve?

I think I would have to keep total purchase cost to no more than $42k ....rehab and holding cost $50k I'm pretty sure I can do it for that. 

I am in 4 markets with no more than 8 to 10 going at anyone time.. .not like others that took as many loans as they can get.I just had a meeting with a guy yesterday one of the bigger flippers here in PDX is in major trouble.. guess what all his loans are HML at 12 to 18%  one lender he owes 108k a month in payments.. that's just one.. so any hiccup and he is toast as you say.. and of course I am maneuvering to pick up a few crumbs and maybe finish some of these off.so diversify... and only borrow from someone who loves you !!

I've read that many millionaire studies have shown that they will have no more than 60% equity in their property.