And, the roof is 3 years old, plus the seller installed new furnaces, hot water heaters, and ac units as part of sale.

I imagine it is expensive to try and move a 1,000 sq foot property but I also can't imagine an investor can't make some money out of a house when a seller has a deadline and is in a situation where they don't have any other options to sell the property. 

if you meet them you avoid all tax regardless of what the seller of the other % does.Make sense?

I am in discussions to purchase a mobile home park and the seller told me he would be open to seller financing.  

(please no insulting comments to the sellers.

The seller has to agree to the sale and proceeds will go the estate to settle debts.

Does the assignee assume all rights of the purchase agreement that you made with the original seller?

So you can change the down easily enough if you find they actually put more down.This doesn't tell the whole story but it generally answers your question.What is left out is that when going to selling, the owner ends up spending about 8% of the value of a home on real estate agent fees, & other closing costs.So, selling a home at $120,000 costs the seller about 8% or $9,600Keep in mind that 3 different appraisers will give 3 different values and they could be 15% higher or lower than the other guy.

@faith seller Thank you for that I am so sorry for responding late but I plan to invest in metro Detroit area but I am also interested in Ann Arbor and ypsilanti.

Unfortunate for them, fortunate for me.May 7th I closed at $155k and with me paying sellers closing costs it put me at $158k.