Damn, that's a lot. 

In the case where the Seller still had an outstanding mortgage, this would NOT be called traditional "Seller-Financed" (rather Subject-to) and has way different contracts and definite risks involved, such as you mentioned.. and others like the due on sale clause which accelerates the full mortgage due if the original lender finds out the house was sold to another end buyer without them getting their mortgage paid off first. 

If you lose, leave or stop working at your employer while the loan is outstanding... you will have to pay it all back immediately or it becomes a taxable event (income tax 25%+)2.)

You might suggest a loan from the 401k but I already have a loan outstanding on my SD 401k.Basically I need this as a bridge loan to purchase a property whereby I will be able to payback the disbursement within 60 days.

Its on the seller to clear any outstanding debt or the title won't be cleared by the title company.

I would never invest 2 mil in a bunch of low value single family rentals that's for damn sure.

You will also need to know if there are any outstanding liens, bankruptcy, foreclosure actions....in short, to be blunt, you have a small fraction of the needed information.

With the exception that in Oregon and I don't know about Nevada there is an exemption that you can do 2 in a year and 3 outstanding at anyone time, after that you need licensing..

Frankly JB, Scarlett doesn't give a damn.

It would yield 8%-10% but at a minimum 8% based on my calculations.Id say my cash position is 37% of my total outstanding mortgages.