Hi BP team, I have been working a deal and I have convinced the seller to accept creative finance.  

@Kendrick CarterI would suggest following the @the203kway on Instagram.If you plan to spend more than $35k in renovations or there are structural repairs, you will be required to use a 203k HUD consultant - who is a great resource throughout the entire process.In my opinion, building a cohesive team is most important - below is the path I followed:1) 203k HUD consultant > asked for lender referrals 2) 203k Lender > prequal letter provided 3) 203k Agent > had personal 203k experience and completed transactions previously4) Offer Accepted & Under Contract > completed HUD walk thru and scope of work provided 5) 203k Contractor > asked for referrals from everyone, and the one I found was currently working on 203k projects and understood the process I am now just awaiting the contractor quote to finalize the loan commitment process!

Be ready to prove, you have been openly using the cabin as your own, to the exclusion of all who did not have your permission, as did your grandfather before you. 

I do almost exclusively multifamily in Southern Oregon.

I realize that I may be limiting myself to less desirable properties by not accepting a higher monthly mortgage.

Don't accept what the market is offering.

We have been struggling with what to do next on the housing front We've gotten close to buying a place a few times but backed off (including once where we had an accepted offer but got cold feet over a sizable appraisal gap).We'd initially been exploring either a condo ($1-1.2M plus HOA fees) or a single family home in a less desirable suburb for ($1.2-1.5).

So far, we know we can't accept gifts without putting that person on the mortgage too (which is not ideal for terms) and we can't use hard money lenders because they won't be in first position.

It needs a face lift, but is going to cash flow very well, and they accepted an offer well under asking.

Qualification for these loans is a bit more strict, but if you plan to personally occupy the property for at least some portion of the year, and to retain ownership exclusively, then this might be an option for you.