Quote from @David Litt: I recently came across a property where the seller wasn’t really selling the house… they were selling the problem attached to it.The roof leaked.Back taxes were owed.Tenants were behind on rent.On paper, it looked like a nightmare.

Sounds like you’ve got a solid foundation with the nest egg, some home equity, and the motivation to jump in.

Seller financing + down payment assistance usually don’t mix.

I could have walked away, but talked with the seller, who recommended that I go to his and his mothers bank and a specific loan officer there that he had dealt and was a personal friend. 

Which means sellers are selling again.

I think we're all on this site because we intuitively are 1) motivated to build wealth and 2) know that RE is a great way to generate that wealth. 

Like say hey based on how much equity you have in your home perhaps consider a HELOC for specific types of deals, but understand the risk and only do it in these types of scenarios (motivation here is for me to have someone who can advise me on how I can scale in real estate over time).I've been listening to the BP podcast for some time now.  

Quote from @Dennis Kim: Quote from @Drea Na: @Dennis Kim Hi Dennis, seller finance is when the seller of the property basically acts like the bank, and the buyer makes payments to the seller for the agreed upon price of the home.

So you can cashflow with traditional financing if you buy at a cheap enough price or if you get some below market financing terms (seller financing fixed at 4-5% and negotiate a balloon payment or IO for a period)If you can't cashflow enough then you need to capture enough equity to be able to flip relatively soon or break even with cashflow.

But tell the seller, they will then be required to tell any future buyers if you back out.