Ensure they have not placed a cap on the number of rentals in the building and if there is, make sure the current number of rentals are significantly below that figure.

Also you should talk to a tax professional on the self directed portion because I know that the IRS has been cracking down on creative uses of the self directed 401K funds esp for investors who are at or near retirement. * While I am an attorney, this is not intended to be legal advice.

I am looking to buy a house and need a down payment. The seller would carry a loan for the remaining amount. What would be the best way to accomplish this? I am meeting the seller tomorrow to present an offer and woul...

If the exterior looks good, the walls, flooring, countertops, electrical and plumbing look, as yours most likely do, recently replaced or repaired, then you have done what you can to ensure your maximum return.

If anyone has any other creative solutions/ideas as to how I can use this as my 1st real estate deal, I am all ears.

Any suggestions on creative financing (I asked him if he is willing to do seller finance and he said -no)

Both where purchased creatively with owner financing.  

I was able to purchase both creatively with owner financing (very favorable terms for me at both properties), and I currently live in a house in Olathe, KS (suburb of KC Metro) that I own, that was previously a rental house.

Several creative ways to take over the loan..

I'm looking at private, creative investing.