So the seller has received for the property $5500 in cash plus the $80,000 value of the note, a total of $85,500, or $14,500 LESS than if he sold without seller financing.But wait you say, the seller plans to hold the note to maturity, so it's worth its full principal balance to him, right?  

I'm a novice so please feel free to school me and ask me questions I am mature and expect to get criticized or even shut-down for my ideas.  

(All rents are only $850, but I have had zero vacancy for years and years. )The building is on a street with 28 identical buildings to mine. 

Bp Community I need some help..I am looking for any specific info/ advice for what I could do.Long story long, I got a pre-approval for over 150k from my bank, then made offers looking for personal investment properties, got one accepted on a duplex in my hometown.2-unit Multi-fam List price: 180kAccepted bid: 145k2 Unit-gross monthly rents: $2,100/ month (tenants pay utilities)Both units are below market rent100% Occupied, no work needed but if improved rents can be raised more and ARV would go upAlmost identical house right next door appraised this year at 205kAs stated I got a pre-approval and pre-qualification for 150k before even looking for a house.I have enough for 20% down, and I have over 10k for emergency cash reserves.I have a W-2 job, and over 735 credit score...I have plenty of real estate experience, an agents license, a contractors license...The bank had all this info up front.

Your desire to house hack at such a young age shows your intellect and maturity, but to do it with a duplex will blow people away!!!!  

Did he steal someone else's identity for the credit score?

As a landlord, you don't need to make the tenant jump through the hoops of those online identity verification services in order to get reports either.

I would put down 20% and get a commercial loan at 4.5% amortized to 25 years with a ten year loan maturity.  

The houses are identical.  

On the Secretary of State website, it says that the registered agent can also be "a foreign corporation or not-for-profit foreign corporation authorized to transact business in Indiana whose business office is identical with the registered office."