Not only is this good practice, but over time you will earn their respect, which means you will earn their investment funds.

But if your neighborhood has lots of garage conversions, then that would lead me to believe you don't need that garage and that it's normal practice to convert the garage.  

Since the closing is just before college gets out I would like to hire my son and some of his buddies. 

My guess is there is a due on sale clause.Now you broker may be speaking from a practical sense, knowing the risks is minuscule (for both issues) so he glosses over them.

My worst financial decision ever was not dropping out of college and doing $2,000 per year IRA's at 18% fixed.  

Although technically possible, it is my understanding that the practice is frowned upon. 

Was a small single family in a college town approved for student housing. 

I know there is a hospital, community college, the Chobani yogurt exec offices along with other stores. 

The property is in a desirable area right next to Rhodes College campus.

.#3: If You Know What to Listen For, Sellers Are Often Practically ASKING You to Propose Seller FinancingThe problem many investors have is that they propose Seller Financing from a selfish perspective—it’s what THEY want or need.