You need to know what you value in your current situation.Values such as: Price for quality in labor and material, or If holding costs are an issue perhaps duration to completion.As far as quality goes, do you want the 'Best of the Best'(out of your options) for your investment, or is mid-range quality OK.

Went back to two bankers last week that I got denied from for a deal—- and got lines of credit etc no issues and started a positive relationship.

They will entertain a 1/2 seller financing but I am unsure on how this works, I have been following a lot of bp and never really heard how it works when only a portion is seller financed. the other issue is how much the bank will require being that it is technically a business not just real estate property.

I’ve also seen issues like acquiring notes where the due diligence was barely or not done at all and then they call me to get them out of trouble.It’s fine to be new and learn but I’ll always preach don’t do it on someone else’s dime.

If the property has any issues that would cause someone to not be able to live there (roof, plumbing, broken windows, holes in the walls, etc.) those items would come back subject to repair on an appraisal and need to be fixed before you can get any type of mortgage financing.

Total rent should be $800-900/month.After inspection major issues we found were:-gutters/downs need replaced, drainage run away from home (water in basement)-chimney needs tuck point at minimum, bricks falling off-mold growing in basement (big chunks of white growth along all wood)-cosmetic work about $2k to upper unitSeller wanted $14k, we offered $10k due to the amount of work we need to put in.

However, we were informed today that our closing has to be pushed off to a far-off future date (rate will no longer be locked and basically will have to do the financing process again) due to an issue we haven't run into before, but seems simply not legal to us, so we hope we can get some assistance.We only know as much as we have been told, so here we go... the home we are under contract for was sold to the current owners via an owner carry, so the note is held by a private individual (the owner before the current owners).

Few issues with that is from the day you find to the day it is boarded is a month, and the likelihood of getting a borrower on the phone never mind paying on day one is not very common.

Fortunately, I have a natural tendency to do the right thing and in a timely manner so his complaints to have "safety" issues addressed are not too much of an inconvenience for me (although the renter himself is an annoyance). 

Any tips or advice on this issue would be very much appreciated.