Funding An Owner Financed Deal

[Rufus White]

I know this topic may be brought up constantly, however I was unable to find where these two questions were asked/answered.

1) When doing an owner financed deal, do traditional lending rules apply? Can you use borrowed funds as part of your 20% down?

2) Is there a certain period of time you have to wait before you can re-fi with a lender?

thanks!