Treasury yields are currently near all-time lows, interest rate spreads for most lenders remain at favorable levels, and underwriting guidelines continue to moderate due to an ever expanding supply of active lenders in the market.

As you keep mailing them over 6 months a certain percentage will encounter changed life circumstances that will move them into the very small group of motivated sellers.

Also suggest going to your local REIA meetings and network with other wholesalers in the area that might be willing to assist you.Otherwise the only other way to get started is to start marketing to potential motivated sellers.

Locate a Motivated Seller that will consider Seller Financing.

Is the 5 year Fixed, and then when I go to do the refi. after 5 years, I can Lock in the Rate on he remaining 25 years ORCan I lock in the Same Interest rate for the Entirety of my Loan ( 30 years total ) ?

I have drilled it down further to "Mom and Pop" apartments, our term for distressed, motivated, sellers.  

The remaining balance is $233K.  

is your motive really as a Good Samaritan?

You can test the market out after you find out the sellers true motivation for listing the property.