At that time, I was barely a couple of years into my first job out of school and was very risk averse, and not a lot of savings to put as a down payment.

It’s always a question of whether or not they are worth it.Non-Prime loans are becoming more and more available but carry a much higher annual cost.

@Carrie AngyalWhen you have an inspection and ask for adjustments, the original deal is null because you no longer have a meeting of the minds.Moving forward means both parties have to agree to continue.

Depends on the type of property you have, your risk tolerance, your other estate planning, what other assets you may have, etc. 

I now wouldn’t have to carry a portfolio of properties that don’t have much room for appreciation and run the risk of being overleveraged.

That puts you at risk that some other bills come up and attach to the property before you can record your deed. 

At $100k I am $25k into my "safety net"...and I am very risk averse.Anyway after seeing the property sit a year I decided to reach back out to the owner (its a FSBO) and have another conversation.

Shopping around for the best rate is also good advice.I think it all comes down to your goals and your tolerance for risk and sweat equity.

Furthermore, if the seller or buyer were to come after anyone I would be liable, I wouldn't be properly protected, put my company at risk, and Zip forms are proprietary documents with an intended use, and the California Association of Realtors could come down on me for improperly using their documents.

I understand that a majority of them carry a 5 year balloon AND an amortization period (usually 30 years).