Seller Financed Airbnb

[Pablo Flores]

Anyone here have experience doing this and have any insight? Owner is willing to seller finance and am weighing the pros and cons of doing that vs getting an investment loan. Spoke to my lender and I can still do an investment loan at 25% down, but since the owner is willing to carry the note I am wondering if that is a better option. I’m not super familiar with seller financing so I want to have more knowledge before I come to the negotiation table.

I have multiple STRs in the area so I’m confident the numbers make sense