Pay off seller financing early?

[Paul Gast]

Hello all!

I'm new to BiggerPockets, but I've been doing rental properties for several years.

I'm looking to add a 4th property to my portfolio and possibly using seller financing for a portion or all of the financing.

My question is: is there any issue with paying the seller financing off early? Would it be better to do a shorter term loan amortized over a longer period? I'd be looking to do some major renovations then refinancing after about 6 months to pull initial down payment back out. I'd just feel bad if seller was banking on the monthly payments and not a lump sum.