The numbers: $8500 down $300 payments $38,000 left on loan 1.5 years left on contract Comparables at $55-$60k (supposedly) Could be rented for $550/month (supposedly) That's the information he gave me.

When I say in violation of the terms I mean maybe it did say some where that I was supposed to remain in the home for the life of the loan.

I suppose you might find some wealthy family that wants to stash Grandma someplace where they don't have to take care of her.

I suppose it was a successful venture even if I did learn more of what not to do than what to do.

I don’t really want to back out because I like the house but I put a bid in on a house that is suppose to have 1.57 acres on it.

I suppose you are planning to sell the home with seller-financing, as opposed to rent it?

Bad habit I've picked up, I supposed =)

In terms of seller financing, I suppose you could only make that work if you had plenty of cash on hand?

They inject mortar or grout and can lift huge weights back to where it was supposed to be hydraulically.

I suppose if you know exactly what you are doing - understood exactly the risks you are taking - then you could probably out bid less experienced investors who have to protect themselves against unknowns.