I don't know your market but there isn't much meat on that bone from a cash flow perspective... putting 15% down and paying for repairs makes it ugly in terms of CoC.The structure itself... it's about what you'd get from a credit union... 5% is likely a little lower on a 30 year amort but with the 10 year balloon it is similar. 

We will know more on Monday.The buyers have no home, they were pre-approved, and everything checked out perfect... inspection, appraisal, etc...

Now we are actively searching for private lenders as we found a home that is in the perfect location, generates excellent cash flow and tenant is locked in for over a year. 

Even my disclosure clearly says that I'm an affiliate marketer - I make no bones about that.

She processes several foreclosures a month and he would be perfect at rehabbing properties.  

Of course that is ridiculous since the appraisals take into account that the subject property and comps aren't in perfect shape, and provides an as-is value.

Little did I know the people I thought were looking out for my best interest, would be the ones to paint me a beautiful picture of the perfect paradise, only to later find out they would be sending me right into the eye of the storm.

IMO:The housing boom/bust and related financial crisis resulted from a "Perfect Storm" of numerous dynamics.

Where my list is weak, we leave more meat on the bone and allow longer marketing time.  

There are pockets of less desirable areas, and the next block is perfectly nice and the homes are in good repair.