Owner Financing House Hack???

[Edward Stephens]

I am a licensed Realtor in Kansas and Missouri, and successfully house hacked my first property starting late last year in Olathe, KS.  I'd like to leave my first duplex, lease the entire building, and move into another building to "house hack" again.  Because of the income requirements I cannot obtain traditional financing (Realtor who left their full time engineering job 8 months ago isn't a good lending profile).  For that reason, I'm looking for another multifamily property I can acquire with owner financing, a.k.a. "owner will carry" (OWC) financing.  My questions are as follows:

1) Does anyone have any tips for structuring an OWC deal where I will be living on the premises?

2) Does anyone have experience using the buyer's agency commission, the commission I would normally receive if representing a client, in lieu of a down payment?

3) Could someone please confirm that the normal tax benefits associated with rental properties (e.g., depreciation) apply to OWC deals?

Thank you all.  It's good to be back!