Creative finance questions

[Rachel Orvis]

Howdy! We are looking at a first rental property- single family- and thinking seller finance with the previous landlord might be an option. I have a bunch of questions. Are there any landlords on here from Butler, PA? Any feedback and articles are greatly appreciated!

Is seller financing better/worse than keeping the loan in the seller's name (I forget the term for that but I heard of it in one of the podcasts)?

What professionals do I need if I'm not doing a conventional loan or using a real estate agent?

Should I set up the rental in a business right away or do the overall business costs/effort outweigh gains with one unit?