You might want to read our series about “How to Screen a PMC Better than a Tenant”, since selecting the wrong PMC is usually more harmful than selecting a bad tenant: https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processes

I would love to buy an investment property through seller financing, but the opportunity has yet to come up.In regards to seller-financing right now... historically this occurs in uncertain markets, high interest rates, or a market with a shortage of 'qualified' buyers.

All documents state closing must occur by Friday’s date.

It never occurred to me what are the rules in scenario that you recently faced.

Here is where the fraud occurred following your 4 criteria.1 A false statement -  $8900 charge for a new water line and $1900 for new siding.

Great income at 4.7 times the monthly rent, stable career track with consistent promotions every couple of years, liquid savings equal to 18 months of rent, good 5 year rental history with favorable feedback from all prior landlords indicating all rent payments were received timely and zero damage or any other issues occurred at prior rentals.However, the individual has a credit score of about 550 with debt that includes $10k+ in credit cards which is all past due, $30k in student loans, $30k car loan, $30k in other debt, and unpaid collections from three different businesses originating 4 years ago.Would you rent to this individual considering they have demonstrated they consistently pay rent on time, take care of the properties they rent, and have good income & career history, or would the credit score steer you away from this individual?

The pipe burst during the major freeze that occurred in February 

It seems like you might be overpaying; paying the seller for appreciation that has not occurred yet.

I wasn't sure if I was legally obligated to check, but I see that doing so could cause more harm than good...thanks again!

Before you close you should get a loan disclosure or CD outlining cost associated and if stuff doesn’t line up let them know.I know that’s a lot of info- since I’m currently going through it right now and have dealt with a lot of interesting scenarios, feel free to message me and i will be able to better understand where the misunderstanding is occurring cheers!