I went chasing some opportunities there, but either the numbers didn't work or they didn't take hold.I actually just redid my analysis making some simplifications, using current data (through July 2020), and my own personal criteria. 

A seller financing promissory note is effectively identical to a promissory note you'd get from wells fargo or chase...I'd focus on sharing the terms with them (interest rate, amortization period, monthly payments, balloon payment, etc..) and then just say you will close exactly the same way you'd close with a bank mortgage (title company, real estate lawyer, deed of trust, promissory note, etc..)

He will have collectors chasing him for all costs. 

20% down, conventional lending through Chase Bank.

I've been bouncing around Chase's business credit cards and it looks like there's a 2.5% cash back card for large purchases ... like a $58K cottage framing, geo, and concrete bill.

My question is, if you do, what kind of savings account is it, online savings or traditional savings account, such as with chase, Wells Fargo, etc. and what are the pros and cons from choosing one over the other.

@Nathan McBride why are you chasing roommates?

However, at this point, it is probably not worth chasing her for money especially in a tenant-leaning state.

No system is perfect, so don't waste your time chasing after the next shiny object.

I want my kids to be able to attend ANY college they choose, and to be able to chase their dreams and invest in them selves to establish a sense of worth.