The only 80+ y/o I know still offering seller financing is doing it for estate purposes.  

I had originally started a blog for this purpose but I think I will try it on the forum as well.  

Travel expenses are not always deductible even though there is a business purpose.

I wrote the above for informational purposes.

My purpose of bringing the buyer broker wasnto ensure our best interests are taken care of.

If you understand the risk and it's worth it to take the lesser policy for savings purposes there is nothing wrong with your policy. ** However - If that type of scenario would be financially devastating then you should really consider a replacement cost policy.   

I am looking to get started soon but I am not looking to make a quick move just for the purpose of saying I have one property in my portfolio, if that makes sense.  

The real question is, does operating at a small loss fit your goals, investing criteria, leading up to your purpose?

This is done on purpose so that buyers and sellers,other brokers and agents will not go through the process of filing when they are just being vendictive or venting.In your contract before earnest money goes hard you could have a reinstatement clause where if the acceptance in writing at XX price is not received by this date then the contract will be terminated with the right to reinstate if A,B,C stipulations are met.If your earnest money is small and an attorney is hundreds per hour it may not be worth it.

Further East of Rogersville is a town (Athens) that would be good for such a purpose.