Still open to the idea, but trying to come up with additional creative options to finance my first home.Numbers aside, the idea would be to purchase a multi-family property using my own funds/FHA loan, receive private funding for the rehab, create instant equity in the property with the rehab, and re-finance after 12 months into a traditional mortgage and pay back the private lender plus interest.

There are two ways people do seller financed deals.Title transfers to buyer immediately and seller records a mortgage on the property in the same way a traditional bank would.

-I work a traditional 40hr/week job-I am excited to gain any/all experience in real estate.

@Michelle Verdugo heck no. please don’t do that. i was an agent for a short time. it is kind of like traditional school. meaning, for example, what was the last time you use pythagorean’s theorem?

If someone was referring to a traditional C corp, that is a terrible way to own property. 

You will definitely need a source of income to get a loan (from a traditional mortgage lender), and that income can in fact be from a job. 

In San Francisco, a "traditional" suburban driveways are rare and are often times confused with the sidewalk portion in front of the building. 

Are you using a traditional bank or a hard money lender? 

If you go the traditional route you would have to wait 6-12 months for "seasoning" before you could refinance the property and get a traditional mortgage.

Traditional loan with a local bank How did you add value to the deal?