Seller Financing Short Term Solutions

[Brook Davenport]

I came across a property that would cash flow as a STR in the Mountains of NC. As it has been listed for over 150 days, I inquired about terms and seller financing, which the seller responded as being open to it. They said they would be open for 36 months or less for the terms of financing. What is the best way to structure a short term deal like this? Should I look for a payment to maximize cashflow then do a balloon payment at the end where I refinance into a traditional mortgage? Thank you for any help!

[Joe Villeneuve]

Quote from @Brook Davenport:

I came across a property that would cash flow as a STR in the Mountains of NC. As it has been listed for over 150 days, I inquired about terms and seller financing, which the seller responded as being open to it. They said they would be open for 36 months or less for the terms of financing. What is the best way to structure a short term deal like this? Should I look for a payment to maximize cashflow then do a balloon payment at the end where I refinance into a traditional mortgage? Thank you for any help!

Yes. 
However I wouldn't do a 3 year term...way, way too short. No point. You might just as well do all cash, which I wouldn't do either. You need at least 15 years. You didn't mention the interest rate or the amortization period