If it’s strictly an investment, you may need to consider conventional loans or other creative financing options.Cash Flow Analysis: Do a thorough analysis to ensure that the rental income will at least cover your mortgage, property taxes, maintenance, and vacancy periods.

In California, if I want to sell my share of an inherited home to a family member through owner financing, is it possible to charge zero interest, say through a ten year pay back period or is there a minimum interest rate requirement? 

You’d still be using your funds, but by delaying ownership transfer, the expense would fall under your ownership period, making you eligible for depreciation.Discuss these options with your tax advisor to ensure everything is structured properly for IRS purposes.

They might easily have some issues with a slow period and then where do they get the money to pay the actual rent to you.the one question I have is if you could write the contract in such a way that an eviction would not be required. 

I understand there's a one-year waiting period before converting a primary residence into a rental property, but does this same one-year rule apply when converting a rental property into a primary residence.I have another question.

During this same time period my wife and I both quit our jobs and started a dog-walking company.

(biggerpockets.com)so, if you're serious about a market - you need to go there in person. if you're not willing to do that, then don't invest there.2. you're not going to cash flow in the first few years, in any market, period. 

normally there would be a balloon payment set up for some time period.  

I guess many investors are hesitant during this period, probably due to the holiday season coming up. 

I’ve gotten in the habit of offering cash with few or no contingencies then refinancing after closing/ seasoning period.