Most markets in Chicago are a bit tight right now as this seller's market keeps driving up prices.

I want the seller, who are the heirs of an estate, to carry a 10% second for three years and put down 10% with an SBA loan.Any thought on this deal?

If it is in a flood plane, the mortgage company is going to demand the flood insurance.  

Would the seller consider any owner financing on it?

I'm using FB Mktplace and getting huge demand for my rental unit. 

I know you probably don't like that .. but that's how I have handled it when I am a seller and the buyer defaults for no good reaons day or two before the close and I wont release it.. but I usually have 5 to 10k EM deposits.. so if I get half and they get half that satisfies me..

If you go purchase your primary home you already have a cash flowing rental in a high demand market.

You could also do a wholesale campaign to target motivated sellers for apartment complexes which gives you first access to offmarket deals. 

Thats a liability on the balance sheet .Rule number 2    No money , no work .You are an agent , have you ever sold a house and had the buyers come to the table and say , lets get this done , And then say I will send the seller  a check in 30 days ?  

I'm 20 years old and looking for somebody to mentor me a little bit more on wholesaling and possibly even think about getting a real estate license to become an agent...I'm looking for cash buyers,sellers,mentors,agents,investors,and more...I'm ready to learn everything about real estate and go all in.